https://www.sharecafe.com.au/2019/06/18/australian-growth-will-be-constrained-but-heres-nine-reasons-why-recession-is-unlikely/ The Australian economy has delivered 27 years and ongoing economic growth. Though the 2008-09 GFC saw prospects of Australia’s consecutive growth ending, the economy only suffered one quarter of a recession (2 consecutive quarters is considered negative growth) and through its expansionary macroeconomic policies it has managed to relieve the pressures of the downfall in the global economy. Hence, this reflects Australia’s government being … Continue reading Australian growth will be constrained but here’s nine reasons why recession is unlikely

https://www.smh.com.au/money/super-and-retirement/let-s-try-fiscal-first-and-super-can-help-20190618-p51yv8.html   The RBA utilised the cash rate as a pre-emptive instrument to influence the demand for credit. Hence with the RBA lowering the cash rate down to 1.25% at the beginning of June, after 3 years at 1.5% it has put downwards pressure on interest rates. This makes it cheaper to borrow for consumer and businesses hence leading to a rise in consumption and … Continue reading Let’s try fiscal first… and super can help

https://www.afr.com/leadership/workplace/fair-work-raises-minimum-wage-by-3-per-cent-20190530-p51snp Minimum wage rates are part of the fiscal policy, which can be regarded as a form of a price control policy. The objectives for minimum wage rates includes price ceiling as well as price floors to prevent the exploitation of individuals, which impacts the economy, i.e. the exploitation of the workforce. Recently, at the end of May, the Fair Work Commission has announced a … Continue reading Fair Work raises minimum wage by 3%

https://www.afr.com/news/economy/federal-budget-2019-winners-and-losers-20190401-h1d1rr Blog written: 10.04.2019 Fiscal policy is a macroeconomic policy that is able to influence an economy’s resource allocation, redistribute income and reduce the fluctuations of the business cycle. The Australian Federal Government’s Budget is an instrument used to achieve the government’s economic objectives and shows the government’s planned expenditure and revenue for the following financial year. Hence, by altering the amount of government spending … Continue reading Federal budget 2019: Winners and losers