The Latest Breaking News from Diana Mousina

Bipartisan support for temporary extra government spending to preserve businesses and jobs through JobKeeper was one of the few positive outcomes from the COVID-19 pandemic.

The declaration of an El Nino event alongside a second driver of dry weather could prove to be another spanner in the works in the fight against inflation.

Reserve Bank assistant governor Christopher Kent says Australian banks are on a firm footing despite strained conditions in global financial markets.

Business confidence has risen, but consumer confidence is still deteriorating and economists warn it could be a sign of things to come.

The Fair Work Ombudsman has announced that a record $532 million in unpaid wages and entitlements was recovered in 2021-22.

Inflation is the highest it has been in decades, and is set to rise further. But how is it measured, what is behind the price rises and how will the Reserve Bank get it back under control?

Economists predict a recession in Australia isn't near yet but it's being talked about as an increasing possibility. So what could it mean? 

As fears that a recession is just around the corner for the US, some economists are warning that Australia could follow suit.  Some, however, remain bullish on the Australian economy due to high household savings, strong commodity exports, accommodative government stimulus and a robust pipeline of residential building constructions.