Scroll to top
Topic: national accounts
(Image: Adobe)

We’re all Keynesians now: Australia dives into recession, but it could have been worse

Australia is officially in recession with the biggest ever contraction in GDP, despite a huge rise in government spending. But profits are doing nicely.

(Image: AAP/Lukas Coch)

Hysteria over ‘recession’ won’t help a struggling economy

Yes, Australia is undergoing a serious economic contraction. No, yelling 'recession' doesn't help. And for our exporters, things aren't too bad at all.

Treasurer Josh Frydenberg (Image: AAP/Mick Tsikas)

Flat economy offers corona-stimulus lessons as households and business hide in the bunker

With households and business keeping their wallets shut, only the mining industry and government spending is keeping the economy ticking over. Substantial stimulus is needed both to protect against the coronavirus downturn and lift growth beyond its current insipid level.

Treasurer Josh Frydenberg (Image: AAP/Mick Tsikas)

The government engineered a faltering economy — now it’s MIA

Josh Frydenberg says there are "domestic challenges" to economic growth. The main challenge is one he and his government has created, and it's smashing the economy.

Morrison’s recession hysteria comes back to bite him as economy softens

Scott Morrison has been hysterically talking about a Labor recession. Instead, the economy has stalled since he became prime minister.

(Image: Unsplash/Marcus Spiske)

‘GDP per capita recession’? Give us a break.

Yes, there was a "GDP per capita recession" in the second half of 2018. But no, we shouldn't be emphasising it.

Treasurer Josh Frydenberg (Image: AAP/Lukas Coch)

Wage stagnation is pulling GDP down (and may pull interest rates down too)

Lack of wages growth is weighing on the economy, which is performing worse than expected, so much so an interest rate cut may be coming.

Don’t mention the wage: Gaetjens underwhelms with first outing as Treasury Secretary

In his first speech, the new Treasury Secretary has completely ignored the biggest policy and political challenge the government faces: wage stagnation.

Hard times in the bush and soft wages make for a tepid economy

While the economy continues to rack up moderate growth, there are some weak points.

Trade detracts from December economic growth result

A poor trade performance in the December quarter dragged down economic growth, the latest national accounts show.

Page 1 of 5
There are 43 articles in national accounts