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Australian economy

Today

The major parties have unveiled policies they say will fix the housing crisis. But will they?

4 policy ideas to fix housing affordability

Fixing Australia’s decade-long housing crisis won’t happen overnight. It requires a sustained effort that cuts across political cycles.

Australians no longer see the problem with magic pudding economics, says Pru Goward.

Magic pudding economics is about to make all of us poor

Australia is now ruled by short-term ethical dilemmas instead of concern for long-term consequences.

Yesterday

After the lost two decades and a half in Canberra, both major parties are bogged down in the “politics of incrementalism”.

Policy ping-pong won’t deliver housing affordability

A future government will inherit a dog’s breakfast of housing and tax policies and be left to clean up the mess.

This Month

Michele Bullock delivers her speech.

RBA awaits China stimulus to protect Australia

The Reserve Bank and Treasury are pinning their hopes on infrastructure assistance from Beijing to shield the nation from a deepening trade war.

Not enough men working in education is holding back the sector’s productivity, just as much as the lack of women in mining does.

‘We’re not allocating talent’ and that makes us all poorer

Not enough men working in education is holding back the sector’s productivity, just as much as the lack of women in mining does.

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Donald Trump stunned investors with a reversal in his trade policies.

Calm descends on bond markets, but tariff war will push yields higher

Bond yields dropped after Trump stunned the market by pausing most of his reciprocal tariffs, but analysts warn that US Treasuries face higher borrowing costs still.

Anthony Albanese and Peter Dutton face off in the first leaders’ debate of the 2025 federal election.

Dutton claims credit for Labor’s two surpluses in robust debate

The opposition leader put in a solid performance in the first election debate, but the audience judged Anthony Albanese as the winner.

Economists don’t believe a recession is near for Australia.

Why economists doubt a recession is coming for Australia

Australian businesses affected by Trump’s tariffs will find new export markets while the economy will be bolstered by rate cuts and a falling currency, analysts say.

Lowe hopes for a reform-minded, rather than career-obsessed, political leader who doesn’t need the job but who really want to leave the place in better shape.

Politicians are the problem behind the cost-of-living squeeze

Weak business investment and real wage growth is a design feature of the Albanese Labor’s care economy model that the Dutton Coalition is failing to challenge.

Cars parked at the Port of Long Beach in California. Traders are on tenterhooks as financial markets viciously react to global trade ructions.

How Europe deals with Trump tariffs will be the market’s next test

The White House’s ‘liberation day’ is turning into a week of value destruction – and all eyes are on Europe as it draws up a hit list of US products to levy.

The highest echelons of America’s economic bureaucracy thought it was a good idea to slap tariffs on penguins and used a stunningly puerile “formula” to justify that and other tariff measures.

Trump’s idiocy will put a 2 in front of RBA cash rate by end of year

Retaliatory tariffs are a supply shock that will not only see the global economy lurch into a deep recession but will do so with a near-term inflationary bias.

Albanese rang his Labour soulmate in Britain, Keir Starmer, to discuss the Trump tariffs, when surely he should have first called counterparts  in South East Asia.

Trump’s tariffs deliver a harsh truth for Australia

Too little thought has been given to the future of the Australian economy against the backdrop of a protectionist America.

US President Donald Trump has sent sharemarkets tumbling.

$90b wipeout in superannuation wealth could force RBA to cut rates

There’s good news and bad news for Australian households as Trump’s trade agenda pushes the sharemarket into correction territory.

US President Donald Trump and his officials have partly blamed Australia’s biosecurity laws for the White House’s 10 per cent tariffs.

The real reason Trump is taking a whack at Aussie beef

Local cattlemen say American ranchers don’t sell their beef in Australia because it is not economical to do so.

Trump’s tariffs indicate picturesque Norfolk Island is tied for being the 11th “worst offender” when it comes to trade barriers against the US.

Norfolk Islanders overjoyed at brief elevation to tariff bad boys list

News that Norfolk Island was “ripping off” the US so much it would face a 29 per cent tariff was unexpected, to put it mildly.

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The Trump tariff winners and losers

The US president’s heavy-handed move to hit trading partners with levies as high as 49 per cent has sent markets tumbling. But it’s not a disaster for everyone.

Earlier this month, RBA governor Michele Bullock said it was too early to judge the potential implications of Trump’s win on the Australian economy.

Trump tariffs to force RBA to cut rates up to four times in 2025

Economists predict the trade war will cause a global slowdown that will impact the Australian economy, with markets increasingly certain of a rate reduction in May.

Donald Trump and liberation day.

How Trump’s tariffs will hit Australia, in four charts

The direct effect will be modest but, for a trading nation such as ours, the indirect consequences of “liberation day” could be significant.

Prime Minister Anthony Albanese speaks with resident Lucie Brown and her daughter Sofia at the opening of a social and affordable housing development on Addison road in Marrickville, Sydney.

Gen Z aren’t voting left or right, they want to smash the system

Young constituents are not primarily animated by “wokeism” or culture wars. Their grievances are material – housing, jobs, and living standards.

Federal Treasurer Jim Chalmers.

Chalmers’ broken budget rule is a slippery slope in a world of debt

Australia has relatively moderate federal debt levels compared with most countries. But the picture is not so benign if ballooning state government debts are added.

Original URL: https://www.afr.com/topic/australian-economy-1m3k