Energy, the economy, and this defining decade
Australia will not follow the US and other countries when it comes to economic recovery and sustainability, focusing instead on a ‘uniquely Australian’ plan.
Australia will not follow the US and other countries when it comes to economic recovery and sustainability, focusing instead on a ‘uniquely Australian’ plan.
Our highest priority remains the persistent inflationary pressures that are coming at us from around the globe and putting a strain on people here at home.
The twin goals of expanding the labour market and sustaining full emplyment do not put us at odds with the RBA, as some commentators have wrongly said.
While poor productivity has been a problem across the advanced world for some time, the problems in Australia have been compounded by the missed opportunities.
The voice is good economic policy. It will help government listen to locals and direct money to where it’s needed and working.
Cost-of-living relief, a Medicare overhaul and prioritising clean energy are among the key focuses of the 2023 Federal Budget.
We’ll need this budget to strike a series of difficult balances.
Our plan to address inflation has three parts to it – responsible cost-of-living relief, dealing with supply chain issues and keeping spending under control.
A dreadful symmetry between the Black Saturday bushfires and the 2008 global financial crisis that continues to define us reveals a failure of thinking. In 2023, Australia can do more than just hope for the best.
China, Russia and Covid will influence the economy, but a platform of low unemployment and boosted wages should see Australia through the darkest days.
Original URL: https://www.theaustralian.com.au/author/jim-chalmers/page/2