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Economy & Industry

The government’s biggest challenge? Avoiding a recession

For six months, the Australian economy has been growing at an annualised pace of just 1% – way, way short of its potential. Scott Morrison and Josh Frydenberg were elected to manage the economy, and that means doing whatever is needed to avoid a recession and the long-term damage to lives and living standards it would deliver. Read More

Budgeting for drought

Some forms of government assistance can help facilitate adjustment to drought, including support for those small-business families facing poverty, as well as helping people to make better decisions when it comes to planning and preparing. On the other hand, ad hoc handouts to farm businesses in the form of subsidies for interest, freight and transport can have undesirable effects in terms of Australia’s national productivity and equity. Read More