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    Policy

    Economy

    Yesterday

     More than 1800 new industrial policy measures were introduced globally over the past year, the PC found.

    Labor’s green subsidies a risk to living standards: PC

    The Productivity Commission has warned Labor’s Made in Australia plan risks evolving into protectionism, undermining decades of reform aimed at creating a vibrant economy.

    • Michael Read
    A Lendlease construction site in Melbourne.

    Lendlease’s convenient, lucrative alliance with the CFMEU

    Allegations of wrongdoing on construction sites raise the question: Do big contractors enable and profit from union thuggery?

    • Aaron Patrick
    Saul Eslake at home in Tasmania.

    Saul Eslake’s one-man mission to undo the GST deal – and make WA pay

    The Tasmanian economist has drawn the ire of an entire state with his campaign to reverse “the worst public policy decision of the 21st century”.

    • Myriam Robin
    The South Korean-built Barakah nuclear power plant in the UAE during construction in 2017.

    Australia could buy South Korean nuclear reactors

    The East Asian nation is gradually increasing its exports of energy technology to diversify its economic base and strengthen its geopolitical influence.

    • Michael Read and Elouise Fowler

    This Month

    RBA governor Michele Bullock with Paul Keating at the superannuation roundtable.

    Building costs creating ‘difficult’ choice on rates for RBA: Bullock

    Reserve Bank governor Michele Bullock has warned the economy has arrived at a “difficult” point where there are cases for and against another rate rise.

    • Michael Read
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    There’s no point dwelling on AUKUS paths not taken

    The submarine project needs more constructive criticism, and less grievance from those whose preferences were not followed.

    • Justin Burke
    Stage three tax cuts are part of a steady improvement of the economy.

    Albanese can’t afford distractions now

    The prime minister has to shrug off culture wars and Green taunts to focus relentlessly on an improving economy.

    • Craig Emerson
    A slew of regulatory setbacks has South Korean investors for the first time viewing Australia as a destination with ‘sovereign risk’ to investment returns.

    ‘Spurious’ delays deterring foreign investors from Australia

    A slew of regulatory setbacks has South Korean investors for the first time viewing Australia as a destination with ‘sovereign risk’ to investment returns.

    • Michael Read and Elouise Fowler
    Housing inflation is proving particularly tough to tame, as landlords pass on rising mortgage rates to tenants and working from home adds to housing demand.

    Remote work fuelling higher housing costs: BIS

    Housing inflation is proving particularly tough to tame, as landlords pass on rising mortgage rates to tenants and working from home adds to demand.

    • Michael Read
    Andrew Forrest has scaled back Fortescue’s green hydrogen ambitions.

    Don’t put all energy transition eggs in one green basket

    The energy revolution is producing militant evangelists and sceptics of individual technologies. Andrew Forrest’s hydrogen retreat shows policymakers need to be more open-minded.

    • The AFR View

    Rate rise chances grow as employment jumps

    The market is pricing in a one-in-five possibility that the RBA will increase the cash rate when it meets next month, after strong jobs numbers in June.

    • Updated
    • Michael Read
    Homeowner pain. About one in 40 owner-occupiers with loan-to-value ratios above 80 per cent were more than 90 days behind on their mortgage in May.

    One in 40 highly indebted homeowners are behind on their mortgage

    Banks expect home loan arrears to increase further as more borrowers struggle to deal with high interest rates and cost-of-living pressures.

    • Updated
    • Michael Read
    The Albanese push to appoint an independent administrator is not a permanent fix.

    CFMEU’s industrial power has corrupted

    The scale of the systemic wrongdoing that has been uncovered demands a fuller judicial inquiry that must also probe the institutional enablers of the CFMEU’s crimes.

    • The AFR View

    How the RBA became a global outlier in its inflation fight

    This week on The Fin, economics correspondent Michael Read explains why inflation has proved stickier than expected and raised the stakes for the RBA’s big bet.

    Marine Le Pen with Jordan Bardella, the 28-year-old who had hoped to be France’s next prime minister.

    Why does France’s far right get stronger with each election?

    The Western nation has not responded well to the challenges of globalisation, which is a problem that also applies to the whole of Europe.

    • Adrian Blundell-Wignall
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    The IMF’s warning comes as economists await June quarter CPI numbers, which will be decisive in determining whether the RBA raises interest rates in August.

    Interest rates might need to stay high to tame inflation: IMF

    The IMF’s warning comes as economists await June quarter CPI numbers, which will be decisive in determining whether the RBA raises interest rates in August.

    • Michael Read
    Jim Chalmers rubbished Deloitte’s “guessing”. Ten weeks later, he all but confirmed it.

    Deloitte 1, Jim Chalmers 0

    Deloitte is sceptical of the government’s Future Made in Australia policy. Did that lead Jim Chalmers to slap down its economic forecasting too?

    • Updated
    • Myriam Robin
    Novotel Brisbane Southbank Assistant Manager Michaela Barbeler. The hotel is experiencing high demand due to the origin decider taking place in Brisbane this week.

    $2400 a night: Hotel prices soar as Origin fans flock to Brisbane

    A perfect storm for the blockbuster rugby league series decider has sparked a surge in hotel rates across the city.

    • James Hall
    Ever since Donald Trump imposed sweeping tariffs on imports from China, we have been witnessing a broad-based return of protectionism.

    Why Trump and other trends all point to higher inflation

    Societal forces from politics to geopolitics to de-globalisation to ageing and climate change are creating conditions that push towards higher inflation.

    • Raghuram Rajan
    On the day of Sir Robert Menzies’ funeral in Melbourne on May 19, 1978, the chief executive of CRA, Rod Carnegie, hosted Paul Keating for lunch.

    Rod Carnegie’s seminal lunch with Paul Keating

    Paul Keating reveals, for the first time, the pivotal conversation about the Australian economy with Rod Carnegie at lunch in Melbourne almost 50 years ago.

    • Tony Boyd