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Australian economy

Yesterday

There are parallels with the recent re-election of Donald Trump as President of the United States.

Economists must climb down from ivory tower to win the tax debate

Only once the electoral popularity of taxation reform is improved can we expect politicians to stake their political capital for change.

  • Melinda Cilento and Stephen Smith
Graduation day at Sydney University last month. Foreign students choose Australia for the quality of the universities, along with factors such as the time zone and migration prospects.

Cut foreign student numbers with a levy, not a cap

A levy is an economically sensible alternative policy that will create a revenue stream for governments and deliver more financial resources to universities.

  • Rabee Tourky, Rohan Pitchford and Bruce Chapman
NSW Treasurer Daniel Mookhey on Tuesday.

NSW braces for Trump trade turbulence and bond market shocks

The state’s treasurer has warned an erosion in free trade could make Australians poorer, as the incoming administration weighs imposing costly tariffs.

  • Michael Read
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HESTA forced to repay; More Jones charges; Why Australia’s stuck

Read everything that’s happened in the news so far today.

Telstra chief financial officer Michael Ackland says businesses are stuck with a difficult dilemma.

This is why Australia is stuck in a rut

Low investment and productivity growth has left the country’s economy in the doldrums. The short-term challenges are large, but we can’t forget the long term.

  • James Thomson
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This Month

It is widely accepted that the Hilmer reforms contributed to a sustained productivity boom in Australia, underpinning significant increases in real wages.

Hilmer reforms of 1990s helped lift productivity. We can do it again

Fred Hilmer’s reforms were groundbreaking because a series of small changes had a massive cumulative effect. With changes to competition policy, we could lift Australia’s GDP by up to $45 billion a year.

  • Danielle Wood and Alex Robson
Swiss mining company Glencore’s CEO Gary Nagle headed to Brisbane to meet the new Queensland government last week.

Glencore, BHP & Co’s $9.4b wealth transfer now just part of life

Miners running up to Queensland is a good example of how business is playing Australian politics, where state premiers are the ones in high demand.

  • Anthony Macdonald
Governor Michele Bullock during a press conference after the RBA’s rate decision on Tuesday.

Economists give up on rate cuts. Investors and borrowers can too

Impossibly wedged between predicting the future and giving traders something to discuss, nobody wants to hear from the experts that the RBA is standing still.

  • Anthony Macdonald
There has been a slow, steady decline in the proportion of Australians who trust the government.

Intergenerational unfairness puts trust in institutions at risk

We need young people to believe, with good reason, that we have an economic system whereby the decks aren’t stacked against them.

  • Aruna Sathanapally
Kristalina Georgieva, managing director of the International Monetary Fund, and Prime Minister Anthony Albanese, at the APEC Economic Leaders’ Retreat meeting, in Lima, Peru, on Saturday 16 November 2024. Prime Minister Anthony Albanese in Peru.

IMF warns Australia and APEC on budget spending

Managing director Kristalina Georgieva told leaders while it was “remarkable” that inflation was retreating globally without recession, “in many countries it is not reflected in public sentiment”.

  • Phillip Coorey
No Australian politician would dare do a three-hour interview.

Why the Libs can’t do a Trump

The lesson for Peter Dutton is not to copy the Donald – which in an Australian context would be impossible anyway. What he must be, though, is authentic.

  • John Roskam
Waymo robotaxis in San Francisco can now travel on the city’s freeways.

Is Australia regulating itself out of the tech-driven future?

The Brits have been better than us at confronting the choice between two worthy goals of public safety and innovative growth.

  • Rohan Silva
Forcing Chinese businesses off American stock markets will have a significant and direct impact on the wealth of China and the value of its companies.

Not everyone believes that a US-China trade war will smash Australia

Former BHP economist Huw McKay believes that the iron ore price will not necessarily suffer. The costs may come elsewhere.

  • John Kehoe
Our experts deliver their verdicts on Jim Chalmers’ first budget.

Chalmers sets up $900m productivity fund

Treasurer Jim Chalmers’ new fund will offer incentive payments to streamline building approvals and enact other pro-productivity reforms

  • John Kehoe
The ASX 200 bank index has surged nearly 10 per cent this year.

Banking’s next gen

Bank leaders face succession as shares peak, leaving newcomers to find growth in a challenging landscape

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Where does Australia fit into Trump’s new energy agenda?

Americans are set to adopt an all-of-the-above approach to energy, and they will wonder why we don’t.

  • Patrick Gibbons
Voters were more sensitive to price rises than to potential unemployment numbers.

Albanese and Chalmers make the same error as Biden and Harris

The Democrats’ decision to put jobs ahead of inflation has cost them dearly. But Labor has been doing the same thing.

  • Steven Hamilton
Australia’s budget numbers are increasingly a mirage as billions in spending are labelled as ‘investments’ to improve the fiscal optics.

Inside Canberra’s hidden $180b spending boom

Australia’s budget numbers are increasingly a mirage as billions in spending are labelled as ‘investments’ to improve the fiscal optics.

  • Michael Read
Reserve Bank governor Michele Bullock will need to factor in higher US inflation.

Trump win means higher interest rates and weaker Australian economy

Donald Trump’s inflationary tariffs could keep interest rates higher for longer and hurt Australia’s trade with China, investors and economists are betting.

  • John Kehoe
Bankers want us to believe there’s a batch of deals coming. But we’re not hearing that from CEOs and boards.

OK bankers, rates and elections are out of the way, where are your deals?

Bankers tell us they’ve been waiting for the US election and direction on interest rates. We’re finally there.

  • Anthony Macdonald

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