economy

economy

economy August 1, 2020

The true cost of a traumatised nation

There is a famous thought experiment, known as “the trolley problem”, that asks us to imagine ourselves driving a trolley – or a tram, for Australians – and having to choose between staying on the current track and running over five innocent people...

economy July 25, 2020

Economy in the deep freeze

Treasurer Josh Frydenberg’s hands were blue as he stood behind his lectern, physically distanced from Scott Morrison in the prime minister’s courtyard on Tuesday. The pair were holding an outdoor news conference on an icy Canberra morning, and...

health July 11, 2020

Labor scrapes through in Eden-Monaro

Four days after the voters of Eden-Monaro kept the marginal seat in opposition hands, the Reserve Bank governor summed up the nation’s predicament: we are all flying by the seat of our pants. Scott Morrison, too, put it succinctly: “This is a global...

economy June 13, 2020

Scott Morrison faces a dilemma

There’s nothing like the prospect of voters about to mark their ballot papers to focus the minds of politicians. And as parliament resumed this week, the spectre of the Eden-Monaro byelection hung over the place, jolting it out of its brief...

economy May 30, 2020

Unplugging the economy’s life support

At the National Press Club on Tuesday, Scott Morrison went all medical as he framed his prescription for economic recovery. Key ministers in the room smiled their nodding approval when he said: “At some point you’ve got to get your economy out of...

rural May 23, 2020

China blunders and the fallout

Just at the moment the government claimed vindication for a big win on the world stage, China ridiculed its grandstanding. A terse, one-paragraph statement from its Canberra embassy called Australia’s response “a joke”. If anything encapsulates how...

health May 16, 2020

Chokehold on the economy

If anybody needed reminding, the Australian economy is in deep trouble, much deeper than either the treasurer or the prime minister realised at the beginning of last month. Then, the talk was of a “snapback” from the damage of the coronavirus...

health May 16, 2020

The risks as lockdowns loosen

This weekend, Australians are emerging from the lockdown that placed the country into quasi-hibernation for almost two months. As we survey the landscape, the physical geography does not bear the scars of more familiar Australian natural disasters...

health May 9, 2020

An economy on life support

It’s been a long six weeks since Australia’s governments first imposed economy-crushing lockdowns to flatten the coronavirus curve. Scott Morrison has no doubt the pain has been worth it, saying “thousands of Australian lives have been saved”. Now...

health May 2, 2020

Covid-19 inquiry call infuriates Beijing

Australia’s relationship with its biggest trading partner, China, has plunged to depths not seen since formal recognition of the Communist-governed state 48 years ago. Then, the “Middle Kingdom” – a reference to the ancient Chinese belief it was the...

health April 18, 2020

IMF forecasts dire economic outcomes

The “Great Lockdown” – as the International Monetary Fund dubbed the coronavirus crisis this week – is plunging Australia and the world economy into the worst recession since the Great Depression of the 1930s. Just as that cataclysmic economic event...