Daily Bulletin

Men's Weekly

.

  • Written by Michelle Grattan, Professorial Fellow, University of Canberra

The Australian economy is growing slowly, with people not opening their purses and businesses uncertain about the future.

The Reserve Bank has cut interest rates three times this year - the official cash rate is currently at a historic low of 0.75%. Many are arguing monetary policy has run its course, and fiscal stimulus is needed. This week’s Essential poll shows voters tend to think so as well, with 56% agreeing that stimulating the economy should be prioritised over getting back to budget surplus.

The Morrison government, however, is reluctant to do anything impinging on the projected surplus, which has become a political icon for it.

How long can the government maintain this position if the growth numbers don’t improve? And does action need to be taken now? Joining Michelle Grattan to talk about these issues is Ross Gittins, economics editor of the Sydney Morning Herald.

Join The Conversation in Melbourne

New to podcasts?

Podcasts are often best enjoyed using a podcast app. All iPhones come with the Apple Podcasts app already installed, or you may want to listen and subscribe on another app such as Pocket Casts (click here to listen to Politics with Michelle Grattan on Pocket Casts).

You can also hear it on Stitcher, Spotify or any of the apps below. Just pick a service from one of those listed below and click on the icon to find Politics with Michelle Grattan.

Listen on Apple Podcasts Politics with Michelle Grattan: Ross Gittins on the government's 'surplus obsession'

Stitcher Listen on TuneIn

Listen on RadioPublic Politics with Michelle Grattan: Ross Gittins on the government's 'surplus obsession'

Additional audio

A List of Ways to Die, Lee Rosevere, from Free Music Archive.

Image:

AAP/ Mick Tsikas

Authors: Michelle Grattan, Professorial Fellow, University of Canberra

Read more http://theconversation.com/politics-with-michelle-grattan-ross-gittins-on-the-governments-surplus-obsession-126028

Business News

What Designers Really Think About Your Current Marketing Collateral

Key Takeaways: Designers notice structure, typography, and colour choices before the content itself Consistency across all collateral strengthens brand recognition and builds trust Overly bu...

Daily Bulletin - avatar Daily Bulletin

How to Choose the Right Air Conditioner for Your Home or Business

In Australia’s climate, where summer heat can be intense and winter chills are felt in many regions, air conditioning has become more than just a luxury; it’s an essential part of comfortable living. ...

Daily Bulletin - avatar Daily Bulletin

Why Heavy Duty Moving Dollies Are Essential for Safe Transport in Australia

Moving heavy or bulky items can be challenging, especially when it involves transporting goods across warehouses, offices, or even during residential relocations. In Australia, where industries like c...

Daily Bulletin - avatar Daily Bulletin

LayBy Deals