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Australian recession

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RBA defies falling interest rates to boost earnings

RBA defies falling interest rates to boost earnings

Interest rates hit record lows, the Australian dollar slid and the economy was in recession but the Reserve Bank posted a $2.5 billion profit.

  • by Shane Wright

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Shopper confidence jumps in wake of the federal budget
Federal budget

Shopper confidence jumps in wake of the federal budget

Westpac's measure of consumer confidence has jumped to its highest level since July 2018, but their survey shows the budget helped more men than women.

  • by Shane Wright
Australia to escape worst of recession but faces debt mountain: IMF
Coronavirus pandemic

Australia to escape worst of recession but faces debt mountain: IMF

The IMF has upgraded its forecasts for the Australian economy but much still hinges on the creation of a safe and widely available vaccine.

  • by Shane Wright
A decade of deficits as spending outpaces revenue for years
Federal budget

A decade of deficits as spending outpaces revenue for years

Josh Frydenberg would have to overtake Peter Costello as the nation's longest-served treasurer to even get close to seeing a surplus based on his own budget figures.

  • by Shane Wright
Careful what you wish for: COVID-19 transforms population politics
Population

Careful what you wish for: COVID-19 transforms population politics

The pandemic has given Sydney a "breather" from population growth. But the city - and the state - is about to discover how our coveted standard of living relies on immigration.

  • by Matt Wade
Self-funded retirees urged to tap home equity as budget critics come under fire
Federal budget

Self-funded retirees urged to tap home equity as budget critics come under fire

While self-funded retirees missed out on assistance to get through the recession, Scott Morrison has accused budget critics of pitting groups against each other.

  • by Jennifer Duke and Katina Curtis
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Budget shows economic risks abound - and not just from COVID-19
Federal budget

Budget shows economic risks abound - and not just from COVID-19

Royal commissions, loan guarantees and the coronavirus have increased potential risks to the budget.

  • by Shane Wright
'Blue budget for pink recession': Women 'left out' of budget focused on youth and male industries
Federal budget

'Blue budget for pink recession': Women 'left out' of budget focused on youth and male industries

Almost a million Australians could be stuck on JobSeeker for years after being excluded from the Morrison government's job-saving wage subsidy program.

  • by Shane Wright and Katina Curtis
Budget fallout focuses on tax cuts, worker subsidy and women
Updated
Federal budget

Budget fallout focuses on tax cuts, worker subsidy and women

The government's selling of Tuesday night's budget is focused on the merits of its economic recovery strategy.

  • by Rachael Dexter and Mary Ward
As it happened Federal budget 2020: Tax cuts for millions of Australian workers amid $213b deficit as Josh Frydenberg hands down historic budget
Federal budget

As it happened Federal budget 2020: Tax cuts for millions of Australian workers amid $213b deficit as Josh Frydenberg hands down historic budget

Treasurer Josh Frydenberg has revealed a $213 billion this year, with net debt to hit $703 billion.

  • by Lisa Visentin
'Monumental task': Josh Frydenberg banks on jobs, business stimulus as way out of the COVID-19 recession
Federal budget

'Monumental task': Josh Frydenberg banks on jobs, business stimulus as way out of the COVID-19 recession

The government estimates the economy will recover 950,000 jobs over the next four years as it fights its way out of recession.

  • by David Crowe