Top economists back boosts to JobSeeker and social housing over tax cuts in pre-budget poll
Articles from Peter Martin
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Six graphs that explain Australia's recession
Australia’s recession is the deepest since the Great Depression of the early 1930s.
Nothing else comes close.
The economy shrank an extraordinary 7% in the three months to June – by far the biggest collapse since the Bureau of Statistics began compiling records in 1959.
The previous worst quarterly outcome was minus 2%, in June 1974.
Australia's top economists oppose the next increases in compulsory super: new pol
Wes Mountain/The Conversation, CC BY-ND
Scalable without limit: how the government plans to get coronavirus support into our hands quickly
The government says its second stimulus package – the second in ten days – is temporary and targeted, but that’s not really true.
What it is is big, automatic, and infinitely increasable.
Reserve Bank and government prepare fresh emergency measures as markets tumble
The government is planning to deliver a second coronavirus economic support package within days, and the Reserve Bank will announce “further policy measures” to support the economy on Thursday.
The bank sometimes uses the phrase “policy measures” to describe adjustments to its “policy rate”, the so-called cash rate from which most other rates are priced.
Economic growth near an end as Treasury talks of prolonged coronavirus downturn
Australia’s three-decade run of near continuous economic growth is set to end, with treasury warning of a hit to growth of “at least” 0.5% in the first quarter of this year, potentially followed by a “prolonged downturn”.
GDP update: spending dips and saving soars as we stash rather than spend our tax cuts
Australians saved rather than spent most of the budget tax cuts, almost doubling the proportion of household income saved, leaving spending languishing.