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The four GDP graphs that show us roaring out of recession pre-lockdown

Things looked good, although we were still cautious at the end of March. Our national accounts are prepared with a lag. ....

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Paying off a home loan used to be easier than it looked. It's now harder. Here's why

Inflation and wage rises used to shrink the repayment burden. We're being granted mortgages as if they still will. ....

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Australia vs New Zealand. You can tell a lot about a country by the way it budgets

You can tell a lot about a country by the way its government budgets.
The New Zealand budget was delivered on 20th May. In terms of overall economic policy settings it mirrors Australia’s.
The Lowy Institute believes New Zealand has done better at containing the pandemic, but, like Australia, experienced major economic disruptions and a big increase in government debt as a result of its fight against the pandemic.
Like Australia, New Zealand’s unemployment rate grew rapidly following lockdowns and restrictions but has now fallen to 4.7%, taking it even lower than Australia’s 5.5%. The budget forecasts are strong. ....

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Money for telescopes and vaccines is great, but the budget's lack of basic science funding risks leaving Australia behind

The federal budget contains money for big-ticket items like the SKA telescope and mRNA vaccines. But dwindling funds for universities and fundamental science will leave us vulnerable to future problems. ....

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