From the category archives:
The global financial crisis is “a crisis of credit markets”, says Malcolm Edey, Assistant Governor (Economic) of the Reserve Bank of Australia.
In an address to the Foundation for Aged Care Business Breakfast in Sydney, Edey traced the origins of the financial crisis, discussed its effects and looked at responses to the crisis.
This is the text [...]
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Australia’s Gross Domestic Product (GDP) declined by 0.5% in the December quarter, according to the latest National Accounts figures.
The 0.5% contraction was lower than most commentators had predicted. Two consecutive quarters of contraction (illogicially known as “negative growth”) is defined as a recession.
Speaking in Canberra today, Treasurer Wayne Swan said the decline was to [...]
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The Prime Minister, Kevin Rudd, has announced a new package of measures worth $42 billion to stimulate the economy.
At a press conference in Canberra, Rudd announced a series of direct payments to individuals and families, coupled with a program of infrastructure funding for housing and schools.
Click the Play button to listen to Rudd’s press conference:
LISTEN
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