Lockdowns could cost $20bn
The cost of the current round of Covid lockdowns could blow out to $20bn, economists have warned.
Economics
Sticking point vexes bosses
Vaccinations for staff are a thorny issue for companies.
Covid outbreak, inflation won’t alter RBA rate decision
The RBA will keep rates on hold at its board meeting next week despite the impact of the NSW extended lockdown on the national economy and the latest inflation figures.
Inflation hits highest level since 2008
Australians felt the impact of big rises in grocery and petrol costs in the June quarter, but economists say the CPI spike will be short-lived.
Lockdowns slam CBD retailers
The number of empty shops across Australia’s central business districts has soared as retailers are lashed by the fallout from the pandemic.
IMF lauds Australia’s global ‘success story’
The IMF’s Australian mission chief says the country remains a global ‘success story’ despite the blow from recent lockdowns.
Victoria ‘won’ and cements our Covid future
All states are now likely to copy Victoria’s “Covid safe” template and move to a hard lockdown at the first signs of new infections in the community.
Beef prices rocket as world comes buying
Australian beef prices are at record highs off the back of good seasonal conditions and strong global demand for red meat.
New strategy needed to tame Covid case surge
On an agreed date, all those with two vaccine jabs should be free to travel the nation. For the unvaccinated, curbs should continue.
Business calls for ‘smarter’ lockdowns
Pandemic restrictions are costing the nation $2.8bn each week and have caused 1.6 million Australians to lose their jobs or have their hours cut, modelling finds.
Politicians flout Tinbergen rule, to the nation’s peril
Trying to achieve several outcomes with the one policy is diluting our success rate.
Macroprudential policies to cool housing reduced risk: RBA
Australia’s macroprudential policies targeting the housing market between 2014 and 2018 contributed to a reduction in risk in the financial system.
NSW’s demand for return of JobKeeper just idiotic
If the increasingly hysterical NSW government got its way the prime minister for Sydney would have to introduce a permanent JobKeeper.
China in slow lane after dramatic policy U-turn
China appears to have changed tack on the technology sector.
Five ways ATO is tracking Aussies’ money moves
Sneaky tax deductions and deliberately forgotten income are a thing of the past as the ATO flexes this tech to catch out cheats.
From basket case to boom, virus can’t tame Tassie tiger economy
Tasmania’s success in avoiding Covid-19 lockdowns has led to an extraordinary economic performance, well ahead of all other states and territories, according to the latest analysis by CommSec.
Cormann warns against prolonged stimulus
The OECD secretary-general says it will damage economic growth in the long run, and called for better monitoring of increasingly ambitious promises to cut carbon dioxide emissions.
Great Barrier Reef ploy a climate wedge
Foul play from China was suspected over UNESCO’s reef ‘in-danger’ push, but it was actually Europe and green groups.
‘Political paralysis’ endangers prosperity
Australia’s prosperity is at risk from institutional decay, which is stalling economic and social progress, new report reveals.
US-China friction poses threat to global economy
Andrew Liveris has warned the business world may split into two universes – one led by the US and the other by China – if tensions between the two superpowers worsen.
Original URL: https://www.theaustralian.com.au/business/economics/page/191