Category: The Economy

Lobby group Parenthood argues better leave, childcare and gender policies would increase GDP by 8.7% by 2050.

The analysis of government data, broken down by federal electorate by Guardian Australia, estimates an average of nearly $2m per electorate could be lost every fortnight if the $150 supplement is not extended at the end of March.

In a normal recession, people have less to spend and thus retail spending takes a hit. And yet last year total retail spending went up more strongly than it has for well over a decade.

With unprecedented support from global governments, the stock market has boomed, driving up billionaire’s wealth even while the real economy has faced the deepest recession in a century and the poor have gotten poorer.

The jobless rate fell to 6.6% in December and the participation rate lifted to 66.2% in a quicker than expected recovery that increases the likelihood economic supports will be withdrawn.

South Australia’s “circular economy” of recycled waste is set to receive a $45 million infrastructure injection following a joint announcement by the Federal and State governments today.

Western Australia is set to see increased levels of insecure housing and homelessness due to rental hikes of up to 20 per cent after the state’s moratorium ends, Anglicare warns.

Central banks have thrown everything but the kitchen sink to tackle COVID-19’s hit to economies but they now face an unexpected consequence.

Welfare campaigners, Labor and the Greens call on the Coalition to abandon plan to wind back the supplement on 1 January.

The rapid spread of Covid — which was first detected in China — forced many countries into months of lockdown that markedly reduced economic activity in 2020.