One employer association has stressed the need for policymakers to demonstrate the will to ‘turn things around’ amid deteriorating national productivity.
Economy
The US Supreme Court has struck down US President Donald Trump’s signature tariff policy, finding he had illegally used emergency economic powers to impose tariffs at his will.
The e61 Institute and McKinnon attribute the sustained federal and state government deficits to increasing fiscal pressures over the past two decades.
The Productivity Commission’s annual bulletin found Australia’s multi-factor productivity fell by 0.5 per cent in 2024–25, below the 20-year average of 0.4 per cent growth.
The Australian Bureau of Statistics has found that the Wage Price Index in the December quarter 2025 has risen, with the public sector staying ahead of the private sector in wage growth.
While Treasury welcomed the release of the International Monetary Fund’s report on Australia’s financial dealings, the opposition went on the attack in the first Senate Estimates hearing of 2026.
The Reserve Bank of Australia (RBA) has confirmed that professor Bruce Preston has been appointed to its monetary policy board, commencing his five-year term on 1 March 2026.
Economic and artificial intelligence feature heavily in risk calculations for risk leaders, a new survey has shown.
Speaking to Accounting Times, economist Jason Nassios outlined the winners and losers of the Productivity Commission’s proposed net cash flow tax.
Industry economists say Tuesday’s rate hike reflected capacity constraints in the economy, and warned that reform would be necessary to boost growth without spurring inflation.
The Reserve Bank has delivered its highly anticipated February cash rate decision.