Media Releases

Response by Financial Regulators to Coronavirus

16 March 2020

Labor welcomes today’s news that the Reserve Bank and Australia’s financial regulators are taking coordinated action to support the functioning of markets, and boost credit, liquidity and economic activity during this challenging time.

Business Liaison Announcement

14 March 2020

Of course there should be a Coronavirus Business Liaison Unit in the Federal Treasury.

Statement on Coronavirus Economic Stimulus Package

12 March 2020

Labor is supportive of the Government’s stimulus measures announced this morning.

Confirmed: Growth Was Weak Before the Virus Hit

04 March 2020

The National Accounts confirm that quarterly growth slowed in the December quarter and was below average before the Coronavirus outbreak hit.

New Lows for the Cash Rate and Morrison's Credibility

03 March 2020

Today’s decision by the Reserve Bank to cut the cash rate to 0.5 per cent is a new low for the cash rate and a new low for the Morrison Government’s economic credibility.

Another CAPEX Collapse

27 February 2020

New data showing capital expenditure has collapsed again absolutely destroys Josh Frydenberg’s claim that the economy was performing strongly before the Coronavirus outbreak hit.

Weak Wages Growth Stalls Again

19 February 2020

New data has revealed that weak wages growth has stalled further.

Wayne Swan

09 February 2020

It has been an extraordinary honour to serve alongside Wayne Swan, to have worked for him, and to know him as a mate and a mentor.

RBA: Economic Growth Downgraded Again

07 February 2020

Today the Reserve Bank downgraded its forecasts for economic growth for the third time since the May 2019 election.

Retail Trade Plunges

06 February 2020

New data out today shows that retail trade plunged by 0.5 per cent in December and annual growth in retail values and volumes is weak.