Peter Martin

Peter Martin is the Economics Editor for The Age.

Treasurer Scott Morrison will be presented with the damning report in Baden Baden.

Lift GST, says OECD in dismal report card

The Organisation for Economic Co-operation and Development has castigated Australia for inadequate progress on tax, Indigenous affairs and support for business in a report card to be presented to finance ministers from the group of 20 leading industrial nations in Germany on Saturday.

Housing confidence has plummeted.

Consumer confidence in housing at lowest level in 40 years

Consumer confidence in the Australian housing market has collapsed to its lowest level in 27 years, with the proportion of Australians believing real estate was the wisest place to put savings falling to below 12 per cent, the lowest level since 1974.

Economists are unsure about the future of interest rate direction.

RBA keeps cash rate at 1.5%, no sign of change

The Reserve Bank of Australia has held the cash rate steady at 1.5 per cent amid concern about what another cut would do to the housing market and amid signs the economy is picking up.