MORE ECONOMIC WARNINGS
The faltering state of the economy, immigration policies, climate change and AI continue to be the dominant themes of the week.
The AAP reports this morning that federal government payments hit 26.9% of GDP in the 2025/26 financial year, the highest level in 40 years (except during Covid). The newswire says S&P Global Ratings has warned the near-record levels of government spending could threaten the country’s fiscal health in the long run should things take a turn for the worse.