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Innes Willox

Thursday, October 28

Lockdowns force manufacturing to grind to a halt, rebound looms

Australia’s manufacturing sector was barely growing in September as border closures and coronavirus lockdowns continued to stifle activity, although the industry is hoping for a rebound in coming months as restrictions ease.

Business group worries that Australia's economic recovery may not be 'real'

A peak business lobby group is concerned that Australia’s economic lift from recession so far has been more a policy-led bounce rather than a self-sustaining recovery.

Treasurer Josh Frydenberg is tipping a quick economic bounce back once lockdowns are eased. (Photo: AAP Image/Mick Tsikas)

Right for the times: Treasurer wins praise for a budget 'without losers'

Josh Frydenberg is hoping to fire up the economy from the depths of recession and have growth expanding at a speedy 4.75 per cent in the next financial year, in what is being called the right budget for the times.

First recession in 30 years is 'heartache' for Australians, says Morrison

Prime Minister Scott Morrison says Australia’s first recession in nearly 30 years is heartache for the country.