Tagged With Australian Economy

Australia's job recovery is losing momentum as Victoria enters stage four lockdown. Economists are urging the federal government to do more.

The next generation of Australian workers face a decade of pay cuts and 'psychological scarring', the government predicts

The government is extending its early super withdrawal scheme until December

Australian property prices are in freefall, as the coronavirus puts last year's recovery into reverse gear

Australian unemployment will soar to 9.25%, the government forecasts, as the country grapples with the coronavirus crisis

The RBA has directed the Australian government to spend its way out of the crisis, but warns there's no 'free lunch' in printing money

The government has announced it will extend JobKeeper and JobSeeker while slashing the rate of both. Here’s what it has planned.

The government will give JobKeeper a facelift, extending it for six months but splitting it into two tiers

Australian spending was starting to look 'incredibly positive'. Then came the second lockdown.

The official Australian unemployment rate hit 7.4% in June – the highest it has been since 1998

The government says its $2 billion 'JobTrainer' plan will upskill Australian school leavers, apprentices and the unemployed 'for the other side of the crisis'

Consumer confidence has taken a hit from the second Victorian lockdown, falling 6.1% nationwide in July

Treasurer Josh Frydenberg says the real unemployment rate is 13.3% — nearly twice the official figure

Australians are raiding their super at a rate of $1 billion a day as the new financial year kicks off

Australians could be getting fast-tracked tax cuts and new income support, as the government looks to wind back JobKeeper

Australia could lose $100 billion if it is unable to prevent a second wave, economists at Deloitte warn

Australia's 'fragile' job recovery has stalled for some sectors. Here's which industries are struggling the most.

'A severe economic crunch': The Australian government is being urged not to turn off the JobKeeper tap in September

The average Australian is $10,000 poorer due to COVID-19, as the pandemic smashes the job market like never before

Australia's economy looks to be in surprisingly decent shape, according to the IMF, as it navigates a worsening global recession