Lukas Coch/AAP
The budget projects deficits way out into the future with scarcely any measures in place to contain them.
‘Rock, you look a lot like a hard place.’
Cagkan Sayin
Fears abound that cutting rates could tank European currencies, but there’s a a greater risk for them to take seriously.
Mick Tsikas/AAP
Tuesday’s budget will show there has been an improvement of $10.5 billion in the bottom line. The update forecasted a deficit of $1.1 billion for 2023-24.
Luis Ascui/AAP
Holding up Labor’s female vote will be vital, Treasurer Jim Chalmers has declared Tuesday will bring “a budget for mums and middle Australia”.
Retailers in Canada have some serious work to do to rebuild trust and demonstrate their commitment to both ethical practices and community well-being.
THE CANADIAN PRESS/Nathan Denette
Although it’s rooted in legitimate grievances, the ‘Steal from Loblaws Day’ campaign is not only illegal, but also fails to achieve its intended objective and risks undermining economic stability.
Diego Fedele/AAP
Victoria is in huge debt but the government is keen to keep spending to stave off worsening unemployment.
Lukas Coch/AAP
The federal government has announced plans to change the way debts are indexed. But it may not help students over the long term.
Federal Reserve Chair Jerome Powell speaks to reporters on May 1, 2024.
Saul Loeb/AFP/Getty Images
The Federal Reserve doesn’t appear eager to cut rates.
GettyImages.
fatido/Getty Images
New Zealand’s history of inflation, recessions and unemployment offer clues to what might happen next. Coupled with global events, the outlook is not promising.
BagzhanSadvakassov/Upsplash
Australia’s inflation rate has halved, but it’s falling more slowly than it was, and previous high inflation is set to push up student debt.
Lukas Coch/AAP
In this podcast, we're joined by independent economist Chris Richardson to discuss the upcoming budget and Australia's economic outlook.
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Next month’s budget is an opportunity for the government to move beyond its ‘I feel your pain’ rhetoric to a HomeKeeper-style policy for this particular group of temporarily squeezed Australians.
sweet_tomato/Shutterstock
Raising interest rates can’t stop Japan’s currency from sinking to a record low.
Up or down?
Ronstik/Alamy
A gap has opened up between inflation in the US compared to other regions like Europe and China.
A full-time minimum wage worker in Philadelphia earns just over $15,000 a year with no vacation or sick days.
Allan Baxter/The Image Bank Collection via Getty Images
Voters, city council and even local business leaders have tried to raise the city’s minimum wage, but face pushback from the state legislature in Harrisburg.
arda savasciogullari/Shutterstock
Turkey’s central bank has raised interest rates in a much-needed reversal from years of unorthodox economic policy.
Stockphoto For You/Shutterstock
Cafe owners have tried to keep prices low but are being squeezed out by tight margins.
Lukas Coch/AAP
The Albanese government in its yearly submission to the Annual Wage Review will argue that real wages of low paid workers should not go backwards.
A food market in Ghana, where many already don’t have access to a healthy and varied diet.
Lauren Huddleston / shutterstock
Poorer countries will be hit hardest, as a new study shows.
Nigeria’s labour groups stage a protest over economic hardship caused by the removal of the fuel subsidy in Lagos.
Adekunle Ajayi/NurPhoto via Getty Images
Nigeria’s sudden and total removal of fuel subsidies was not the best strategy to use.