An internal stoush is brewing in the Morrison government over a controversial policy, with the fate of the bill hanging in the balance. But there’s one key question the government has dodged. NAB says the spending sugar hit will persist until Christmas, but tourism will continue to be hurt by the coronavirus pandemic. The Queensland government has been slammed for ‘rolling the dice on debt’ after it revealed it would borrow $24 billion more than it said it would. Latest financial, market & economic news and analysis. Australia's GDP increased by 3.3 per cent in … Victoria and NSW have been stripped of their AAA credit ratings, reflecting the severe economic and fiscal blow dealt by the COVID-19 pandemic. Scott Morrison fielded no questions from Labor in question time as the opposition turned its guns on two other government ministers. Three things have combined to create a housing market that’s unpredictable and potentially volatile. China has escalated trade tensions with Australia yet again by slapping more tariffs on an industry it has already hit hard: Wine. The Treasurer has hailed Australia’s economic rebound as ‘better than nearly any other country in the world’, with the recession now officially over. Federal Treasurer Josh Frydenberg says Australia's economy would be $34 billion better off if the coronavirus vaccine rollout can be completed six months earlier than expected. It’s been one of the toughest years in history but the Lucky Country hasn’t let it get them down – in fact, our behaviour is completely bonkers. A collective approach to countering Chinese economic bullying may be Australia’s best option The Guardian 19:09 27-Nov-20. Australia bounces out of recession as economy grows 3.3% Treasurer Josh Frydenberg told reporters the country still has a lot of ground to make up from the coronavirus downturn. The controversial editor of a Communist Party mouthpiece, who frequently attacks Australia, has been taken out to lunch by our ambassador in Beijing. ', India in talks with Australia for free trade pact: foreign minister, China Undermining Trade: Australian Official, Economic decoupling from China ‘act of national self-sabotage’ – Australian MP, JD Sports and Andpeople Stimulate Creative Economy with Digital Music Platform, So much for consensus: Morrison government's industrial relations bill is a business wish list, US Ambassador warns about Australia's reliance on China in 'provocative' message to WA, What can ASX investors expect in 2021? Australia is ‘increasingly concerned’ by targeted Chinese trade attacks as two lamb exporters are barred from the Chinese market. What does the future hold for Treasury Wine (ASX:TWE) after China’s tariffs? We'll see if Australia's shopping habits hold up, Economic decoupling from China would be 'act of national self-sabotage', Labor and Liberal MPs, Debts plunge NSW, Victoria into credit downgrade, Australia risks AAA - but economy to, The threats to Australia’s economy and democracy are grave but not insurmountable, How Australia navigated an economic jolt not seen for a century, AUD/USD and NZD/USD Fundamental Weekly Forecast – Focus Remains on Vaccine, US Stimulus, Inquiry calls for a fair go on infrastructure for Australia's regions, Tsai thanks Australian Rep, hopes for economic cooperation agreement. Here are the suburbs that have been given a boost. A major city has been denied funding for sports facilities and other projects – and it’s all because of one weird reason. Tens of thousands of desperate jobseekers and their families will be pushed into poverty when this ‘cruel’ measure is introduced. One of Australia’s major wine exporters says China’s latest tariff slap will cost local jobs and hurt the ‘lifeblood’ of the industry. There are signs the Australia economy is coming back to life. 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