Labor Party’s economic policy

The Labor Party has secured government but has inherited a domestic economy that has a number of challenges, not least of which is a global economic environment that is experiencing large inflationary headwinds of a scale not seen for at least 40 years.

The Australian economy can be characterised as currently being in a ‘tricky position’. Driven predominately by external factors, inflation is high and rising. Domestic demand is strong, and the labour market is very tight, but economic growth is slowing due to deteriorating net exports. Interest rates are lifting from their extraordinarily low settings. Global factors like the Russia / Ukraine conflict and COVID-19 are disrupting global markets and supply chains. Such is the combined virt...

Sign in below or register now to read the full article

Authors: Brendan Rynne, Alia Lum

Published Date: 24 May 2022