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Australian economy

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The end of pandemic-era assistance has contributed to Australian income inequality reaching its highest level this century.

Lucky for some: the older get richer in the worst wealth divide in two decades

A long-running survey of Australians has found inequality has shot up, just as young people find themselves shut out of the housing market.

  • Shane Wright

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Big crowds at the Australia-India test series helped lift the ecoomy through the December quarter.

Australia’s longest per capita recession since WWII comes to an end

A record seven quarters of falling GDP per person has finally ended, with new figures showing the economy improving in late 2024.

  • Shane Wright
Markets are sticking with rate cut predictions despite RBA caution.

Reserve Bank prepares for Trump tariff turmoil

The RBA says rates could rise again as it reveals growing concern about the fallout from Donald Trump’s tariff plans.

  • Shane Wright
Prime Minister Anthony Albanese said

Labor looks to loosen voters with $200 million beer boost

Anthony Albanese will freeze the twice-yearly hike in beer tax in a bid to win voters and take pressure off brewers and the wider industry.

  • Millie Muroi
Opposition Leader Peter Dutton.

Dutton says the GFC is ‘ancient history’. If only that were true for voters like me

I am far from being the only Millennial struggling to square my experience of 2009 with Peter Dutton’s era of astute investing, and the lasting financial repercussions of that time.

  • Rachel Clun
Treasury secretary Steven Kennedy and Finance Minister Katy Gallagher at the Senate hearing on Wednesday.

Treasury boss rejects politicisation claims, denies costing Coalition lunch policy

Steven Kennedy has emphatically rejected Coalition claims that Treasury has been politicised by the past ministerial postings of its top bureaucrats.

  • Millie Muroi and Shane Wright
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Former Treasury boss Ken Henry says the tax system is deliberately designed to hurt young people and future generations.

‘Wilful act of bastardry’: Henry condemns tax system for crushing young Australians

Former Treasury boss Ken Henry says a succession of governments have used the tax system to deliberately hurt young people, propping up the old and vested interests like mining.

  • Shane Wright
Illustration by Dionne Gain

Life is a highway, and Australia is stuck in second gear

If the Australian economy were a car, it would be Volkswagen bus. But if our living standards are to improve, it needs to purr like a Lamborghini.

  • Shane Wright
Reserve Bank governor Michele Bullock.

What Michele Bullock really meant in speech after cutting interest rates

We’ve deciphered the RBA governor’s comments on Tuesday, after the Reserve Bank cut rates for the first time in more than four years.

  • Matt Wade and Shane Wright
Sarah O’Donnell and her baby Sophie.

‘Breathing room’: Rate cut means Sarah can ‘splurge’ on Easter eggs this year

Four Sydney home loan borrowers react to the first interest rate cut in more than four years.

  • Kayla Olaya and Frances Howe

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