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Economics

Chief economist update: China keeps on going and going

BENJAMIN ONG  |  FRIDAY, 4 DEC 2020
If not for its ongoing diplomatic and trade tensions with Beijing, Australia would be congratulating China for the strengthening momentum in its economy and this, after having survived the pandemic without plunging into a recession.

We've done our part, now it's your turn: Lowe

ELIZA BAVIN  |  THURSDAY, 3 DEC 2020
Reserve Bank of Australia (RBA) governor Philip Lowe was forced to remind the Standing Committee on Economics that the RBA is not solely responsible for economic recovery and the federal government also needs to pitch in.

Chief economist update: Australia is out

BENJAMIN ONG  |  THURSDAY, 3 DEC 2020
Team Australia ought to be congratulated for the swift recovery from the worst recession since the Great Depression of the 1930s.

Chief economist update: David Australia versus Goliath China

BENJAMIN ONG  |  WEDNESDAY, 2 DEC 2020
The Australian economy is travelling well but rising tension with China represents a major risk.

Land tax favourable over stamp duty: Survey

ELIZA BAVIN  |  MONDAY, 30 NOV 2020
An annual land tax is a preferable replacement for stamp duty, according to a survey by Finder.

Chief economist update: Australian capex in COVID-19's shadow

BENJAMIN ONG  |  FRIDAY, 27 NOV 2020
The Australian Bureau of Statistics' latest capex report isn't overly positive, but there's a few things to remember before running for the hills.

Chief economist update: Dow 30 thousand

BENJAMIN ONG  |  THURSDAY, 26 NOV 2020
With US equity markets rallying to new highs, history is again bearing witness to Warren Buffett's widely known investment principle: "Be fearful when others are greedy and greedy when others are fearful."

Chief economist update: It's looking up for the land down under

BENJAMIN ONG  |  WEDNESDAY, 25 NOV 2020
Reports that an effective vaccine is eminent should help lift Australia's export of services, especially tourism and education - mainly from China.

JobKeeper saved 700,000 jobs: RBA

ELIZA BAVIN  |  TUESDAY, 24 NOV 2020
One in five Australians who received the JobKeeper payment would not have stayed employed this year without it, according to a research paper from the Reserve Bank of Australia (RBA).

Chief economist update: Iron ore to reduce Aussie deficit

BENJAMIN ONG  |  TUESDAY, 24 NOV 2020
At current prices, it's looking a lot like Australia's budget deficit will be less than forecast. Still, anything could happen between now and the end of the June quarter next year.