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Lockdown ‘fatigue’ could limit spending, hurt economic recovery

Lockdown ‘fatigue’ could limit spending, hurt economic recovery

Economists warn households may prefer to hang onto their savings rather than open their wallets once current restrictions lift.

  • by Jennifer Duke

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Treasurer warns Sydney lockdown could lead to second recession

Treasurer warns Sydney lockdown could lead to second recession

Treasurer Josh Frydenberg has warned the nation could fall into a second recession if the Greater Sydney lockdown failed to contain the coronavirus outbreak.

  • by Shane Wright and Jennifer Duke
Sydney lockdown could wipe out recovery, BCA calls for smarter plan

Sydney lockdown could wipe out recovery, BCA calls for smarter plan

The nation’s biggest business lobby says there needs to be a smarter approach to lockdowns as research warns this year’s economic gains could be wiped out.

  • by Shane Wright
Canberra considers further support for locked down businesses, workers

Canberra considers further support for locked down businesses, workers

Prime Minister Scott Morrison said he and Treasurer Josh Frydenberg were continually evaluating the rapidly changing economic circumstances.

  • by Rob Harris
Treasurer promised car park for a train station that soon won’t exist

Treasurer promised car park for a train station that soon won’t exist

Josh Frydenberg promised $65m for car parks at four stations in his electorate ahead of the last election, but if they’re ever to be delivered costs will balloon.

  • by Shane Wright, Katina Curtis and Chloe Booker
The people missing out on COVID-19 disaster recovery payments

The people missing out on COVID-19 disaster recovery payments

Workers and students who have lost paid work in NSW due to the lockdown are missing out on federal COVID disaster payments because they already receive support payments like youth allowance.

  • by Lucy Cormack
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State and federal governments support a marriage of convenience

State and federal governments support a marriage of convenience

Having different parties in power at a state and federal level allows each side to blame the other for their political misfortunes as we have seen in Victoria.

  • by Annika Smethurst
‘A pothole for the economy’: Lockdown saps Sydney’s confidence

‘A pothole for the economy’: Lockdown saps Sydney’s confidence

The Westpac-Melbourne Institute consumer sentiment index slumped 13.6 per cent in Sydney this month showing the city’s consumers are far gloomier thanks to the lockdown.

  • by Matt Wade and Jennifer Duke
Economic ‘pothole’: Banks, economists warn Sydney lockdown will hit GDP, employment

Economic ‘pothole’: Banks, economists warn Sydney lockdown will hit GDP, employment

Analysts are warning the Sydney lockdown will shrink the national economy and could leave thousands more unemployed, with some predicting the restrictions will be extended further.

  • by Jennifer Duke
Petulant and nonsense: federal government hits back at Victoria’s claims of unfair treatment

Petulant and nonsense: federal government hits back at Victoria’s claims of unfair treatment

A war of words has broken out between the federal and Victorian governments over the new support package being given to workers and businesses hit by Greater Sydney’s lockdown.

  • by Katina Curtis and Sumeyya Ilanbey
Federal government could reprise cash flow scheme for businesses to save jobs

Federal government could reprise cash flow scheme for businesses to save jobs

A cash flow boost could be offered to small business owners in a federal plan to help companies survive extended lockdowns, reprising a scheme from last year.

  • by David Crowe