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Peter Martin1

Peter Martin1

Visiting Fellow, Crawford School of Public Policy, Australian National University
Peter Martin is Business and Economy Editor of The Conversation and a visiting fellow at the Crawford School of Public Policy at the ANU.

A former Treasury official with an honours degree in economics, he has worked as the economics correspondent for ABC radio, as the ABC's Tokyo correspondent and as economics editor of The Age.

With Dr Gigi Foster of UNSW he created The Economists podcast on ABC Radio National. In 2016 he was made a Distinguished Alumni of Flinders University in recognition of his contribution to the community's understanding of economics.

Central Banking Series

Why does the RBA keep hiking interest rates? It's scared it can't contain inflation

Aug 03, 2022 00:55 am UTC| Economy Central Banks

There are signs inflation pressures are easing. Oil prices are down almost 20% on their peak in March. Theyve been falling consistently for a month. The average capital city unleaded price is down from A$2.11 per litre...

Central Banking Series

Top economists expect RBA to hold interest rates low in 2022, as real wages fall

Feb 02, 2022 09:26 am UTC| Economy Central Banks

Australias leading forecasters expect the Reserve Bank to resist pressure to lift interest rates all year, despite rising interest rates overseas, much higher inflation, plunging unemployment, and financial market traders...

Unemployment below 3% is possible for the first time in 50 years – if Australia budgets for it

Feb 02, 2022 08:57 am UTC| Economy

Whats the boldest thing the Morrison government could do in next months budget? It would be to forecast an unemployment rate below 4% (a rate of three-point-something), then to pledge to go further, to...

Economy will be weak and in need of support after pandemic, top economists say

Jul 01, 2021 03:59 am UTC| Economy

Australias economy will limp along after recovering from the pandemic, failing to regain the growth it had either in the years leading up to the crisis or the much higher growth in the decades before. Thats the...

Exclusive. Top economists back budget push for an unemployment rate beginning with '4'

May 09, 2021 10:03 am UTC| Economy

Australias top economists have overwhelmingly backed a decision by Treasurer Josh Frydenberg to reset the budget strategy so that it prioritises achieving an unemployment rate of between 4% and 5% over reducing...

The budget is a window into the treasurer's soul. Here's what to look for Tuesday night

May 09, 2021 09:13 am UTC| Politics

What in America they call the State of the Union, in Australia we call the federal budget. As surprising as it may seem, Australian budgets arent really about money theyre about values. As a case in point, a key...

You can't fix the economy if you can't see it: how the ABS became our secret weapon

Mar 09, 2021 05:32 am UTC| Insights & Views Economy

If we survive this economic crisis (and it is looking increasingly like we will, although the end of JobKeeper at the end of the month will be a setback) it will in large measure be because this time weve had real-time...

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Economy

LG Electronics and KT will team up to expand into the AI service robot business.

LG Electronics and KT announced they have teamed up to work on the AI service robot business together. The two firms signed a memorandum of understanding (MOU) on Wednesday, Aug. 17, as a strategy for expanding their...

Nongshim was beaten by smaller rivals Samyang and Ottogi in sales and failed to deal with higher logistics costs and raw materials.

Nongshim, a South Korean food and beverage company headquartered in Seoul, has been reigning as the no. 1 instant noodle maker for decades. However, in the financial report for the second quarter of this year, the company...

Shinsegae will build an integrated mall with unique facilities and offer thousands of new jobs to the locals.

Shinsegae confirmed that it will be building a mega shopping mall in Gwanju, and it will be called the Starfield Gwanju. The company said on Wednesday, Aug. 17, that this would be an integrated mall that will be a first of...

SK Inc. and SK Energy jointly buy a major stake in Atom Power to expand its energy solution service portfolio.

SK Group, the second largest company in South Korea, announced on Thursday, Aug. 17, that it has acquired a major controlling stake in Atom Power Inc., a US-based energy solutions firm, to further expand its business in...

Amazon is hiking up its seller fees for the holidays to combat inflation.

Amazon is having difficulties due to the soaring inflation, thus it is implementing an increase in seller fees to cope. It was reported that the e-commerce giant would be raising fulfillment fees during the holiday...

Politics

Biden signed the $430 billion legislation tackling inflation, prescription drugs, energy, and climate change passed through party lines.

US President Joe Biden marked another legislative feat along with Democrats in Congress this week as the Inflation Reduction Act was signed into law. The Democratic-led legislation would address climate change, energy,...

Iran's foreign ministry said it is ready to exchange prisoners with the US as it calls on Washington to release detained Iranians.

Irans foreign ministry is reportedly prepared to swap prisoners with the United States. Local media reported this week. The ministry has also called on Washington to release several Iranians that are detained in the...

The French foreign ministry condemned the six-year prison sentence given to ousted Nobel laureate Aung San Suu Kyi by the military court.

France condemned Myanmars military court sentencing for ousted leader and Nobel laureate Aung San Suu Kyi this week. Suu Kyi was found guilty by the court in four out of the six corruption charges against her. The...

North Korea reportedly launched two cruise missiles from its western area of Onchon this week, according to the South Korean military.

North Korea reportedly launched two cruise missiles from its western village of Onchon this week. This launch comes amidst the preliminary joint drills that South Korea and the United States are holding. Reuters reports...

Science

Wildtype's technology can significantly reduce carbon dioxide emissions from fishing, fish farming, and transportation, as well as protect the threatened marine ecosystem.

SK Group chairman Chey Tae-won recently posted photos and videos of San Francisco-based food-tech startup Wildtype making sushi, rolls, and salads with cell-cultivated salmon. On his Instagram account, Chey said he...

Kubota Pharmaceutical charges 770,000 yen for a pair of Kubota Glass while offering a 100-percent satisfaction guarantee.

Kubota Pharmaceutical will sell specially designed glasses dubbed Kubota Glass, which it claims are able to reverse the effects of myopia. The glasses shine tiny lights at the retina to simulate short-distance blurring,...

When compared to the current approach of extracting methane gas from organic waste resources and then reforming it into hydrogen, the technology SK ecoplant is developing can cut the time needed for the manufacture of hydrogen by more than 20 times.

SK ecoplant Co. plans to develop a technology to produce hydrogen through a fermentation process where microorganisms eat and decompose organic matter in the absence of light When compared to the current approach of...

The research team completed a patent application, trademark application, and vegan certification for the research findings.

A Keimyung University research team has reproduced the taste and fragrance of civet coffee, known as kopi luwak, by scientifically identifying the digestion and fermentation conditions where civets live. Consequently,...

Landsat at 50: How satellites revolutionized the way we see – and protect – the natural world

Fifty years ago, U.S. scientists launched a satellite that dramatically changed how we see the world. It captured images of Earths surface in minute detail, showing how wildfires burned landscapes, how farms erased...

Technology

Spotify offers a free three-month subscription to new users and a massive discount for existing users to reactivate their membership

Spotify is pursuing potential new subscribers by bringing back familiar offers. People who will sign up for Spotify Premium for the first time will get access to its exclusive features for free in the first three months....

Meta started testing ‘secure storage’ for Messenger chats and backup data with end-to-end encryption

Meta, formerly known as Facebook, announced a series of tests coming to the Messenger app focused on privacy features in the works. One of the features that entered testing is called secure storage which will allow people...

Nintendo is currently not planning a price hike for the Switch console amid increasing shipping costs and continuing supply chain constraints

Aside from continuing limitations in procuring parts to produce the gaming hardware, Nintendo recently confirmed it has seen increasing shipping costs. Despite these issues, Nintendo president Shuntaro Furukawa said price...

‘Genshin Impact’ developer miHoYo will release the remaining updates for 2022 every 5 weeks

Genshin Impact developer miHoYo recently held an online stream for the games next major update. Aside from revealing details about the new content coming in version 3.0, the studio also announced that it would implement a...
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