Today
- Opinion
- The AFR View
Migration the right fix for worker shortages
Increasing immigration is not a substitute for training more Australians. But it’s what is needed now to alleviate the crippling migrant-deprived tightness of the labour market.
- 1 hr ago
- The AFR View
- Opinion
- Opinion
How should we judge Albanese Labor on the economy?
By the next election, Australians should know whether Labor is a safe pair of hands. But what would it take to deliver a truly superior economic performance?
- Richard Holden
Yesterday
Greens open to backing Labor’s 43pc emission target
After initially labelling Labor’s target “weak”, Adam Bandt’s indication he is open to backing it came after several environmental groups called on the party not to stand in the way of the legislation.
- Ronald Mizen and Pete Ker
Calls for budget savings to offset COVID-19 payments
Anthony Albanese’s decision to restore the $750 pandemic leave payment before a spike in COVID-19 omicron cases should be offset by budget savings, says economist Chris Richardson.
- Ronald Mizen
- Exclusive
- Inflation
How a Nobel laureate ruffled a few feathers in Australia
Joseph Stiglitz has never been afraid of expressing heterodox views about economics that leave mainstream thinkers perplexed – his trip here is no different.
- Ronald Mizen
Fear makes chaos the market’s rational base case
Shares are either poised to plunge further or soar a whopping 30 per cent, depending on who you ask. The chances are that no one is right.
- Lu Wang and Denitsa Tsekova
This Month
Brace for two more back-to-back 0.5pc rate rises: CBA
The country’s largest lender is tipping the Reserve Bank will push the official interest rate to 2.6 per cent by year’s end.
- Ronald Mizen
Why the jobs boom is cold comfort for mortgage holders
Australia’s labour market is running white-hot. But with employment success comes pressure to raise interest rates, and the country is also facing a skills crisis.
- Ronald Mizen
Chalmers lashes Russia’s ‘illegal and immoral aggression’ at G20
Addressing a G20 meeting of finance ministers and central bank governors in Bali, Dr Chalmers said Russia’s invasion of Ukraine was a major obstacle to the group’s goals.
- Ronald Mizen
Letters of 15 July 2022: Housing is the missing piece
Immigration, housing, skills shortage, inflation, recession, COVID, Liberals, Labor
Roaring jobs to spur interest rate rises
Stunning June jobs data all but guarantees the Reserve Bank of Australia will lift the official interest rate by 0.5 percentage points for a third straight month to 1.85 per cent in August, with some economists even tipping a 0.75 percentage point increase.
- Updated
- Ronald Mizen
- Opinion
- Employment
White-hot jobs market risks bigger RBA rate rises
Unemployment hit a fresh 48-year low 3.5 per cent in June, and almost 55,000 fewer people were out of work in May – but success is a double-edged sword.
- Ronald Mizen
Do whatever it takes to get inflation under control: IMF
The IMF says countries must do everything in their power to temper high inflation and warned of destructive wage-price spirals and growing risks of recession.
- Ronald Mizen
Business, consumer confidence slump on inflation and rate rises
Growing inflation and the Reserve Bank’s push to normalise interest rates has sparked a slump in business and consumer confidence despite strong spending and forward orders.
- Ronald Mizen
Appetite for COVID-19 rules wanes
Victoria has rejected medical advice to reimpose mask mandates and the federal government will scrap free rapid antigen tests.
- Natasha Boddy, Gus McCubbing and AAP
Consulting market rebounds but still below pre-COVID size
The Australian consulting market grew by more than 10 per cent to be worth $US5.2 billion ($7.6 billion) last year.
- Edmund Tadros
Buy now, pay later regulation inches closer
The booming sector will be treated as credit, Assistant Treasurer Stephen Jones says, paving the way for tighter rules.
- Ronald Mizen and Ayesha de Kretser
Energy adds to builders’ woes as costs rise the fastest in 20 years
Construction cost inflation is spreading beyond materials more widely and one key input - energy - now has the industry even more worried.
- Michael Bleby
Construction sector prays for a soft landing
As the Reserve Bank of Australia pushes ahead with its inflation-fighting interest rate rises, home builders are already feeling the pinch from rising costs.
- Ronald Mizen
- Opinion
- Letters to the Editor
Letters of 8 July 2022: Stagflation defying economists
Interest rate, RBA, inflation, recession, mortgage, fixed deposit, China, diplomacy, Anthony Albanese, Cheng Lei
