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Peter Martin

Peter Martin is the Economics Editor for The Age.

Advice for Hockey: Sting super and fix the budget in one hit

Peter Martin Sooner or later Joe Hockey is going to do what's needed. He is running out of other options.

Treasurer Joe Hockey may never deliver a surplus

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Peter Martin Someone has to pay, and the Treasurer has determined that it won't be us. At least not yet.

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Busting labour market myths: Why your job is far more secure than you think

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Peter Martin The latest rundown on employment figures and what they mean doesn't make sense.

The GP co-payment trick that purports to save $3.5 billion

AMA is welcoming the dropping the $7 co-payment for bulk billed GP appointments

Peter Martin How can a $5 co-payment that excludes the young and those on benefits save just as much as a $7 co-payment that applies to everyone?

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Abbott's GP co-payments aren't dead: it's a tweak not a termination

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Peter Martin Tony Abbott has cut the size of the co-payment and he has excluded children and Australians on benefits, but he is still insisting on a co-payment, or as he puts it a “price signal”.

Want lower interest rates? Attack negative gearing

Interest rates

Peter Martin There's only one thing standing in the way of lower interest rates, and the Abbott government has just been handed a way to deal with it.

Weaker economy to hit budget, Joe Hockey tells Parliament

Treasurer Joe Hockey delivers his ministerial statement to Parliament on Thursday.

Peter Martin Treasurer Joe Hockey has told confirmed the weaker economy will lead to a writedown in revenues when the budget update is released in the middle of the month.

Weak economy to push rates down

Living standards may fall: treasurer.

Peter Martin, Mark Kenny An unprecedented further cut in interest rates to levels never seen before in Australia is now virtually certain as the national economy sputters with dwindling growth and disposable incomes slipping...

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Why the Reserve Bank is poised to cut interest rates


Peter Martin After a year of finely judged inactivity, the Reserve Bank is stirring.

We were in a recession - Reserve Bank governor Glenn Stevens

Peter Martin Reserve Bank governor Glenn Stevens thinks Australia went into recession during the 2008 financial crisis and he is sick of people saying it did not.

G20. Old is new when it comes to boosting growth

US Treasury Secretary Jack Lew (right) with Treasurer Joe Hockey in Cairns.

Peter Martin Australia has committed itself to business as usual in order to play its part in boosting the size of the global economy.

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Go for growth. G20 finance ministers exceed expectations

Resolute: Treasurer Joe Hockey at the G20.

Peter Martin The G20 finance ministers meeting in Brisbane has endorsed plans for boosting the global economy that go well beyond their earlier of 2 per cent by 2019.


The China-US climate change deal: Australia's coal exports at risk

Dark days: Coal mining under threat.

Peter Martin Dark days loom for Australia's coal industry if superpowers stick to agreement.

$51 billion black hole in Treasurer Joe Hockey's budget

Treasurer Joe Hockey during question time at Parliament House in Canberra on Tuesday 28 October 2014. Photo: Andrew Meares

Peter Martin The perceived ''unfairness'' of Joe Hockey's first budget is partly to blame for a bleaker growth outlook for Australia than expected, an economist says.

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Employment to population ratio paints a bleak jobs picture

In October and also in September only 60.5 per cent of the working age population was in a job - the lowest mark in 10 years.

Peter Martin The Bureau of Statistics has the jobs numbers back on track. It has reworked its seasonal adjustment process to remove the wild gyrations of recent months that had called into question the entire...

Sunday Explainer. Why we will pay more for petrol, even though Parliament says no

Swedish car maker Volvo is grappling with how to meet tightening regulations for C02 emissions and fuel use.

Peter Martin Peter Martin examines the case for and against the rise in excise on petrol.

Clive Palmer keeps emissions trading scheme alive

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Peter Martin An emission trading scheme will be weighed up alongside the Coalition's direct action plan.

Gough Whitlam was no economic radical


Peter Martin Whitlam's critics say he wasn't an economist, but he was entitled to believe he didn't need to be. Aside from a brief recession at the start of the 1960s Australia had just experienced more than two...

A cut in company tax rate would benefit wage earners, says Treasury chief

Martin Parkinson, Secretary of the Department of Treasury.

Peter Martin As unlikely as it seems, wage earners would be big winners from a cut in company tax, the head of the Treasury says.

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Incredible but it might be true. More than 100,000 new jobs

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Peter Martin Abbott promised 1 million new jobs in five years. At this rate he'll have them in seven months.

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