Economy | Australian, regional and global economic News | The Sydney Morning Herald

We’re sorry, this feature is currently unavailable. We’re working to restore it. Please try again later.

Business

The economy

Advertisement
Our energy crisis has been a decade in the making. Don’t expect a quick solution

Our energy crisis has been a decade in the making. Don’t expect a quick solution

The chaos and dysfunction in the national electricity market this week flows from the collision of a number of unexpected events with long-term vulnerabilities.

  • by Stephen Bartholomeusz

Latest

World’s central banks got it wrong, and economies pay the price

World’s central banks got it wrong, and economies pay the price

Even after central banks recognised they got their inflation calls wrong last year, they’ve continued to flub their policy guidance, roiling markets and threatening greater damage to their credibility.

  • by Enda Curran
Minimum wage rise protects low earners from inflation spike

Minimum wage rise protects low earners from inflation spike

The Herald backs the Fair Work Commission’s decision to raise the minimum wage. As inflation bites, this is an important financial boost for low-income workers.

  • The Herald's View
Confidence crash: Terrified consumers shut their wallets and fear for the future

Confidence crash: Terrified consumers shut their wallets and fear for the future

We are now at the point where measuring confidence feels like a misnomer - we should replace it with a fear metric.

  • by Elizabeth Knight
Yes, minimum wage rises can hurt jobs, but not this one

Yes, minimum wage rises can hurt jobs, but not this one

The only path to sustainable real wages growth is a sustained improvement in the productivity of our workforce.

  • by Jessica Irvine
‘Tip over the edge’: 5.2% wage rise hard to absorb, employers argue

‘Tip over the edge’: 5.2% wage rise hard to absorb, employers argue

Employer groups believe the new minimum wage rate will add further fuel to an economy already at risk of overheating.

  • by Jessica Yun
Advertisement
What’s stagflation, and what would it mean for you?
Explainer
Inflation

What’s stagflation, and what would it mean for you?

Big in the ’70s and ’80s, talk of stagflation has reared its head again. What is it, and are we heading for a new era of it?

  • by Clancy Yeates
What we weren’t told before the election: taxes to rise, not fall

What we weren’t told before the election: taxes to rise, not fall

The simple, obvious truth is that if we want more services without loss of quality, we’ll have to pay higher taxes.

  • by Ross Gittins
Inside the secretive world of shipping Russia’s tainted oil

Inside the secretive world of shipping Russia’s tainted oil

From clandestine mid-voyage transfers to turning off tanker tracking, Moscow has found ways to keep its fuel moving.

  • by Louis Ashworth
Aussie home values are about to tumble. We should let them

Aussie home values are about to tumble. We should let them

House prices look set to fall. But this time, policymakers should resist the temptation to tinker with the market.

  • by Jessica Irvine
‘Party like a Russian’ turns toxic at Putin’s economic forum

‘Party like a Russian’ turns toxic at Putin’s economic forum

Vladimir Putin’s annual economic forum in St. Petersburg was always a hot ticket for tycoons eager to curry favour with the Kremlin but the invasion of Ukraine has made it a radioactive one.