Wes Mountain/The Conversation, CC BY-NDAustralia’s top economists are divided about how to tackle ballooning inflation of 6.1% that’s forecast to climb to a three-decade high of 7.75% by the end of the year. Three of the 48 leading economists surveyed by the Economic Society of Australia and The Conversation say Australia should be able to tolerate an inflation rate of 8% or higher. Seven expect inflation to fall back to an acceptable level without the need for any further action other than Rese
Pandemic stimulus measures have given us the strongest labour market in nearly half a century, as well as surging inflation. These policies now need to be reversed, as Stephen Koukoulas explains.
The local market is expected to slip at the open after a weak session in the US overnight. This is your Tuesday morning wrap.