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Economics

Government announces $184bn deficit

ELIZA BAVIN  |  FRIDAY, 24 JUL 2020
Treasurer Josh Frydenberg has announced the country's biggest ever peace-time budget deficit as the economic effects of COVID-19 are realised.

Chief economist update: Australian outlook under COVID-19

BENJAMIN ONG  |  FRIDAY, 24 JUL 2020
At the end of the day, it's the coronavirus - its death or spread - that will dictate what happens next.

Chief economist update: US-China tensions escalate

BENJAMIN ONG  |  THURSDAY, 23 JUL 2020
The Trump administration giving the Chinese consulate in Houston, Texas 72 hours to vacate its premises to "American intellectual property and private information".

No such thing as a free lunch: Lowe

ELIZA BAVIN  |  WEDNESDAY, 22 JUL 2020
Reserve Bank of Australia governor Philip Lowe has said the government will likely need to borrow more money, but warned the central bank will not directly provide funding.

Chief economist update: The next generation

BENJAMIN ONG  |  WEDNESDAY, 22 JUL 2020
Markets rallied after leaders of the 27 governments that make up the European Union have unanimously agreed to an unprecedented recovery fund, marking the largest effort of cross-border solidarity ever seen.

JobKeeper, JobSeeker to be extended

ELIZA BAVIN  |  TUESDAY, 21 JUL 2020
Businesses and individuals will continue to receive additional government support beyond September, with Prime Minister Scott Morrison announcing an extension to the stimulus support package.

Chief economist update: Haste makes Budget waste

BENJAMIN ONG  |  TUESDAY, 21 JUL 2020
Australia should have stayed locked down through to September. Instead, it is now extending stimulus measures, in a move that will ultimately cost the Australian taxpayer.

Chief economist update: China recovery would have been good for Oz

BENJAMIN ONG  |  MONDAY, 20 JUL 2020
Recall that it was China's double-digit growth (when almost everybody else was falling into a recession) during the global financial crisis that helped keep recession away from the Australia.

Chief economist update: Stop right now, thank you very much

BENJAMIN ONG  |  FRIDAY, 17 JUL 2020
Would Australia be experiencing a second wave and all that comes with it had we not rushed to reopen and simply followed the initial prescription for a six-month lockdown?

Chief economist update: BOJ takes breather on stimulus sprint

BENJAMIN ONG  |  THURSDAY, 16 JUL 2020
Japan's stimulus measures have produced some green shoots.