Australia’s growth forecast for next year has been downgraded as volatile international economic conditions fuelled by Donald Trump’s tariffs threaten to stoke global inflation, a new OECD report reveals.
Anthony Albanese has moved to shield the steel and aluminium industries from Donald Trump’s tariffs with $750m worth of subsidies.
The Treasurer faces a backlash from his own state after its GST allocation was slashed by $2.4bn.
Angus Taylor’s claim to have unveiled 34 economic polices in this term of parliament extends to taxpayer-funded mental health sessions, regulating vaping, increasing student visa costs, investing in ovarian cancer research and reducing the refugee intake.
Coalition MPs are pushing Peter Dutton to unveil big policies in his budget reply speech, amid concerns there needed to be a stronger economic agenda to convince voters to boot Labor from power.
Labor’s revered former defence minister has warned the Albanese government to lift military spending to at least 3 per cent of GDP, as Donald Trump prepares to strain the two nations’ ties by slapping tariffs on Australian exporters.
Peter Dutton has intensified his threat to break up major insurers for anti-competitive behaviour, as the opposition messaging on its forced-divestiture policy appears increasingly muddled.
Donald Trump has slammed Malcolm Turnbull after the former prime minister warned the US’s poor treatment of its allies was providing ‘an opportunity’ for Chinese President Xi Jinping.
Anthony Albanese will enter the federal campaign with an improved economic scorecard after Australia’s growth gathered momentum at the tail end of last year.
The Coalition has dumped its threat to extend its proposed divestiture powers to Australia’s insurance industry.
Original URL: https://www.theaustralian.com.au/author/jack-quail/page/5