NEW REPORT OUT NOW
In the first paper in the CEDA Council on Economic Policy Economic Recovery Series, Professor Percy Allan and The Hon. Dr Craig Emerson consider the need for new macroeconomic policy to avoid the 'cliff' marked by the end of the Federal Government's initial support measures in September
"There is a serious risk that the Australian economy will relapse into deep recession once most of the existing fiscal relief measures expire at the end of September 2020. To avoid that fate, the Federal Government should adopt another large round of fiscal stimulus."
- Professor Percy Allan & The Hon. Dr Craig Emerson
For policy makers the burning issue is how to prevent the Australian economy suffering a double-dip collapse after existing income and other Federal Government support measures designed to offset the effects of the COVID-19 pandemic expire in late September 2020.
The Federal Treasurer, Josh Frydenberg, will provide an updated economic and fiscal outlook on 23 July, which is expected to outline some features of the government’s fiscal strategy ahead of its full budget on 6 October 2020.
Australia’s competitiveness ranking increased three spots to number 19 out of 63 countries in the annual IMD World Competitiveness Yearbook. It comes after Australia received its lowest ever competitiveness ranking in 25 years in 2021.
Read more Economy February 12, 2019Australia's premier series of events on the economy and politics for the year ahead.
Read more Economy May 30, 2012Discussion paper prepared for CEDA by Dr John Edwards, Reserve Bank Board member and Lowy Institute Visiting Fellow. In this paper, Dr Edwards suggest some of the major questions we need to think about in sustaining Australia's prosperity. This paper was released in June 2012.
Read moreMake a donation today to directly support CEDA’s independent research, tackling the big issues for Australia. Click here.
(Donations over $2 are tax deductible)