The Australian economy faces a sharp contraction this quarter, but the Reserve Bank governor is confident of a strong recovery.
Colin Brinsden
The Reserve Bank, faced with a deteriorating economic outlook, may have to rethink its bond-buying program.
Treasurer Josh Frydenberg said modeling shows until 70 percent of the country is vaccinated, governments must quickly move.
The Reserve Bank will hold its monthly board meeting on August 3, and face a vastly different economic outlook than last time.
Federal Labor has set out a five-point plan to ease the growing housing crisis in Australia and assist the homeless.
Australian economists say Sydney lockdown extension will result in a bigger economic contraction for the September quarter.
Small business financial advisers say the industry has been broken by the extent of regulation since the banking royal commission.
The IMF has warned the global economic recovery risks breaking into two groups, those with high vaccination levels and those without.
The June quarter consumer price index is expected to show an annual rate above three percent for the first time in a decade.