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Peter Martin

Peter Martin is the Economics Editor for The Age.

Treasurer unveils new corporate cops on beat

Peter Martin THE man in line to succeed Alan Fels and Graeme Samuel as the third head of the Australian Competition and Consumer Commission says he was not looking for a new job until he ran into Wayne Swan at...

Dollar hits a post-float high, breaching US110¢

Saul Eslake.

Peter Martin THE Australian dollar breached US110¢, hitting a new post-float high of US110.20¢ yesterday before news of the death of Osama bin Laden revived the US dollar and pushed the Aussie down to trade...

High dollar weighing on budget forecasts

Rising dollar

Peter Martin Australian dollar breaches US110¢, hitting a post-float high of 110.2¢ mid-yesterday before news of the death of Osama bin Laden revives the US dollar.

Peter Martin

Budget numbers buffeted by dollar's strength, domestic woes

Tullamarine Freeway at peak hour.

Peter Martin - Economics Correspondent If next Tuesday week's budget delivers nothing else, it might get us quieter roads.

Inflation up, dollar follows

Inflation up, dollar up, rates could be next.

Peter Martin Queensland's wild summer weather and soaring global oil prices have helped push Australia's inflation rate to its highest level in more than a decade, sparking talk of interest rate rises and...

Rate fears as cost of living hits new high


Peter Martin THE Queensland floods and cyclone and soaring international oil prices have pushed inflation to a height not topped since the introduction of the GST, sparking talk of interest rate rises and...

Price rises to bring in 'twice the cost' of cyclone

Peter Martin MUCH of the government's pre-budget ''scene-setting'' should be taken with a grain of salt, a leading economic consultancy says, adding the government's financial position is improving by the day.

NSW ranks bottom in economic momentum

Peter Martin NSW trails the nation in the latest Commonwealth Securities' State of the States report - in eighth place behind both Tasmania and Victoria in a league dominated by Western Australia and the ACT.

Peter Martin

Short-term dollardrums but government will win in end

Peter Martin - Economics Correspondent The soaring Australian dollar will hurt Treasurer Wayne Swan before it rewards him.

Floods swamp economic forecasts

Peter Martin RAPIDLY deteriorating budget forecasts show the Australian economy was hit far worse by the January floods and cyclone and the Japanese tsunami and nuclear disaster than previously believed.

Peter Martin

Even treasurers must be careful what they wish for

Peter Martin T he US economist Paul Krugman uses a catchphrase to describe the misfortune that often befalls economic planners that achieve their goals: "No good deed goes unpunished."

We are richer than we realise

Peter Martin We are richer than ever, paying off debt at an unprecedented rate, but losing confidence.

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Wealthier than ever - and still gloomy about the future

Peter Martin, Philip Wen AUSTRALIANS are richer than ever, paying off debt at an unprecedented rate - but still losing confidence in the economy.

Survey finds economy bouncing back after floods

Peter Martin Surprise jump in business conditions ascribed to rebound after cyclone and floods pushes NAB business index to highest level for a year.

Giant tax hole sets up savage budget


Peter Martin, Amy Corderoy, Nicky Phillips A $1 BILLION hit to personal income tax collections and a widening $3 billion gap in business tax takings are helping push this year's budget deeper into the red, intensifying the search for savings...

Dollar surges as jobless rate falls below 5%

Peter Martin AN AVALANCHE of new jobs has put a ''4'' in front of Australia's unemployment rate, returning the labour market to the golden days before the financial crisis, but NSW bucked the trend and recorded...

Hockey in doghouse over trusts

Joe Hockey

Peter Martin Shadow treasurer Joe Hockey is forced into a humiliating backdown over his proposal to tax family trusts.

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Economy adding 1200 jobs a day

Peter Martin An avalanche of new jobs piled on at the rate of 1200 a day puts a ''4'' in front of Australia's unemployment rate.

Singapore exchange sticks to plan despite latest setback

Eric Johnston, Peter Martin THE Singapore stock exchange has all but admitted defeat in its planned $8 billion bid for the Australian Securities Exchange.

Singapore signals no change

Eric Johnston, Peter Martin Singapore Exchange all but admits defeat in its planned $8 billion bid for Australian Securities Exchange owner ASX Ltd.