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Australians are poorer because of war on the other side of the world – Michele Bullock’s logic is hard to fault

Australians are poorer because of this shock to oil prices and energy prices and all the other commodity prices that are being impacted,” Bullock told journalists. “So yes, we are all feeling poorer. That

Guardian Essential poll: Australians want higher tax on gas exports and extension of petrol excise cut

Australians – 46% – say they’d back reducing those tax breaks for property investors. Only 23% disapprove, with the remainder unsure. Men (53% support) were more likely than women (40%) to support negative gearing and capital

Takeaway coffee sales plunge as fuel and living costs dent Australian spending. Is the economy next?

inflation are [weighing on the Australian economy](https://www.theguardian.com/australia-news/2026/apr/14/stagflationary-shock-from-iran-war-a-nightmare-as-confidence-among-australian-households-crashes), forecasting has become particularly challenging due to uncertainty over how the Middle East conflict might be resolved. AMP’s chief economist, Shane Oliver, says

Paul Keating urges Labor to stick with capital gains tax overhaul and avoid exemptions that would hurt economy

inflation-based model, part of a suite of tax reforms announced in this month’s federal budget. Ahead of Labor introducing legislation for the changes to parliament on Thursday, Australia’s 24th prime minister said

Feeling gloomy about the economy? The ‘vibecession’ has arrived in Australia – but experts are less worried

inflation was accelerating again, forcing the Reserve Bank to start ratcheting up interest rates. It’s clear that this is a time of [deep uncertainty and anxiety](https://www.theguardian.com/australia-news/2026/apr/14/stagflationary-shock-from-iran-war-a-nightmare-as-confidence-among-australian-households-crashes). Nevertheless, it is striking that

Wall Street seems to have decided the recession risk is over. Can the Australian market do the same?

Australian sharemarket generally tends to “fly around a bit less” than America’s, which could explain our more modest recovery. At the same time “we have reason to be a bit more concerned” about

China's economy grows faster than expected despite Iran war

impact of the US-Israel war with Iran. Gross domestic product (GDP) rose by 5% in the period, compared to a year earlier, according to official data. Economists had expected the figure to come