Governments in rich nations tend to spend more on health. Do we really want them to spend less?
- Senior lecturer, Canberra School of Government, University of Canberra
The report counts on a lot of factors turning out for the best: AI boosting economic growth and global warming meeting the Paris goals for a start.
Après vingt ans de recul, les paiements en espèces repartent à la hausse en Australie. Attachement au liquide, maîtrise du budget et crainte des pannes expliquent ce retour inattendu.
New books by George Megalogenis and Paul Strangio consider 21st century Australia: a time of rapid social change with many politicians stuck ‘in a white-bloke past’.
The growth figures for June beat expectations – helped in part by record EV sales. But on a per-person basis, the economy is not doing so well.
The Reserve Bank has warned that if we don’t see inflation coming down, it will have to raise interest rates again.
The US dollar is said to benefit from ‘exorbitant privilege’ in international trade. But history shows that may not last.
Let’s unpack how interest rates actually work. Then try the RBA’s quiz to see how well you understand the economy.
Even under its worst-case scenario, the government says growth will slow but not stall.
Around half of Australians still use cash in a typical week, and we keep about $65 in our wallets.
Bob Hawke ably managed his government, but he was also luckier than previous Labor prime ministers.
The second rate hike this year will add another $100 a month to the average mortgage, just as fuel prices are surging.
Both private-sector and government spending contributed to the fastest GDP growth since 2022. Yet it’s still well below the growth Australians saw in the past.
Sussan Ley’s retirement from parliament means all eyes will be on the byelection in her regional seat of Farrer – and the contest may well be messy.
Government spending – federal, state and local – grew by less than consumer spending and business investment last year.
A rate hike next week would be an unusually rapid turnaround after the recent interest rate cuts.
It’s unusual for central bank leaders to issue such a statement. But the reason is simple: what happens in the US matters worldwide.
The latest inflation figures are an important piece of the puzzle for the Reserve Bank ahead of its next interest rate decision in February.
From societies without money to profiteering aliens, the world of Star Trek has more to say about economics than you might think.
The drivers of the improvement are largely outside the government’s control. Meanwhile, total debt is projected to exceed $1 trillion for the first time by mid-2027.
Inflation remains stuck above the Reserve Bank’s target band, as hopes for a rate cut fade.
The state breakdown shows growth in the services sector helped to offset weakness in mining and manufacturing.
But the new monthly index might create the impression there’s more inflation than there actually is.
Les travaux de Joel Mokyr, Philippe Aghion et Peter Howitt, Prix Nobel d’économie 2025, portent sur les facteurs qui stimulent la croissance économique, et le rôle joué par l’innovation scientifique dans la naissance et la disparition d’entreprises.
Collectively, the trio’s work has examined what drives sustainable economic growth over time, including scientific innovation and the birth and death of firms.
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