Australian Economy

Allen Hicks, the Electrical Trades Union’s (ETU) national secretary, claims Labor has “completely sold out” working people and betrayed its own policy platforms by backing free trade agreements (FTAs) with Indonesia, Hong Kong and Peru.

Pretending to care is the bete noir of modern politics.

We’re still waiting for Tim Toohey’s last boom which was going to skyrocket interest rates in 2017.

You have got to love the Migration Institute of Australia (MIA) – the lobby group for Australia’s migration agents.

When pictures are worth a thousand words.

Last Friday, the ABS released its annual State Accounts, which prompted the below boast from Victorian Treasurer Tim Pallas: Victoria has recorded its fourth consecutive year of above-trend economic growth in 2018-19, with results well above the national average and the highest of the mainland states.

Via the OECD today: Trade conflict, weak business investment and persistent political uncertainty are weighing on the world economy and raising the risk of long-term stagnation, according to the OECD’s latest Economic Outlook.

It’s all so very predictable: The latest Commonwealth Bank Flash Composite PMI® signalled a renewed fall in private sector output in Australia during November, following no change in October.

Amusing stuff here as Mark Latham urinates over the NSW economic blueprint: Not literally but giving the hapless thing what it deserves.

The Grattan Institute has released analysis on which groups hold the most influence over Australian policy making.

Via Domain: Attorney-General Christian Porter appears close to winning crossbench support for the government’s industrial relations bill and determined to secure its passage when Parliament resumes next week.

Via COMSEC:  There were 5.42 million passengers carried on Australian domestic commercial aviation (including charter operations) in September 2019, an increase of 2.7 per cent on September 2018.  There were 5.19 million passengers carried on regular passenger transport (RPT) flights in September 2019, an increase of 2.1 per cent on September 2018.

Engineers Australia has released a new report, which draws on quarterly engineering construction statistics published by the Australian Bureau of Statistics (ABS) to capture long-term infrastructure trends.

Last Friday, the Australian Bureau of Statistics (ABS) released its State Accounts for 2018-19, which contained some interesting data on the trade performance of Australia’s states and territories.

Pity the quiet Australians, via Crikey: The Morrison government is on the cusp of passing a controversial bill that it promises will crackdown on union militancy.

You’ve got to love the powers that be.

Economist Gerard Minack has warned that the huge rise in labour supply from mass immigration is holding down Australian wages: Gerard Minack, an economist and principal at Minack Associates, said when compared with the boomer generation, the economic choices of recent generations are much more limited.