Winning during economic slowdown, Australia's Morrison must halt rot


  • World
  • Monday, 20 May 2019

Australian Prime Minister Scott Morrison speaks to the media as he arrives at the Horizon Church in Sutherland in Sydney, Australia, May 19, 2019. AAP Image/Joel Carrett/via REUTERS

SYDNEY (Reuters) - Surprisingly retained by Australians in a national election over the weekend, Prime Minister Scott Morrison's centre-right government now needs to find a fast way out of a worrying slowdown in an economy that has been recession-free since 1991.

The Reserve Bank of Australia (RBA) is expected to cut interest rates, already at record lows, later in the year, but economists say Morrison should be administering some fiscal stimulus in the coming months, rather than remain fixated on delivering Australia's first budget surplus in a decade.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Brazil's government submits rules to streamline consumption taxes
Roundup: U.S. crude supplies down, other petroleum data mixed
U.S. oil imports, exports up last week
Algeria, Tunisia, Libya agree to manage shared groundwater in Sahara
U.S. crude oil production unchanged last week
Ford Q1 net income drops
Spanish PM Sanchez shocks country again putting his continuity on the line
U.S. researchers reveal potential treatment pathway for neurodevelopmental disorder
Boeing reports net loss, revenue decrease in first quarter
U.S. stocks close mixed

Others Also Read