Labour’s share of national income has declined since the 1970s, but there is no sense of any permanent trend.
- Professor of Economics, The University of Western Australia
The Australian dollar fell to US77.17¢ overnight on the back of strong US jobs data, hitting values not seen since the GFC in 2009. The currency recovered slightly over the course of Friday morning, tracking…
The federal budget deficit will blow out to A$40.4 billion in 2014-15, up from the $29.8 billion forecast in May’s budget, according to the Mid-Year Economic and Fiscal Outlook (MYEFO) released today…
High levels of government debt won’t hurt economic growth in the medium and long-term, according to a new paper released by the International Monetary Fund. The research findings contradict earlier arguments…
The Reserve Bank of Australia today lowered the cash rate by 25 basis points to a record low of 2.5%, saying that while inflation had been on target, the domestic economy had been growing below trend…
After weeks of rapid depreciation, many commentators are wondering just how low can the Australian dollar go. Slowing growth in China and signs of a recovery in the US have renewed pressure on the dollar…
Labor has said all options are on the table to address Australia’s structural deficit and falling tax revenues, following disclosure this week of a $12 billion revenue shortfall, just weeks from the federal…
The Federal Government will make around $16.4 billion in new savings over the forward estimates to keep the budget in surplus despite a decline in revenue, according to documents released today. Treasurer…
Amid the tumultuous economic climate in the US and Europe - not to mention the tumbling fortunes of our sharemarket - the Reserve Bank of Australia has followed market sentiment and cut the official cash…
Labor has made a $5 billion pitch to true-believers with a $1.5 billion surplus, cash hand-outs and tax breaks for low- and middle-income earners in the federal budget. And the opinion-makers are on the…
The Victorian government is set to hand down its budget this week. Premier Ted Baillieu is committed to returning Victoria back into the black, after it spent the first six months of this year in a $341…
Federal Treasurer Wayne Swan has vowed to keep up the pressure on Australia’s major banks to follow the lead of the Reserve Bank of Australia, if board members decide next Tuesday to lower Australia’s…
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