gross domestic product

the cover of the 2022 budget papers

The 2022-23 budget is the result of a good plan, well executed. But whichever party next takes government must close the deficit gap – without resorting to austerity.

A hairdresser blowdries the hair of a woman wearing a surgical mask in a hairdressing salon

Australia’s GDP was up 3.4 per cent last quarter of 2021, on the back of pent-up consumer spending. Other factors must drive future growth.