Cheer up, Australia, we will turn the corner and get to better days

March 25, 2026 — 5:00am

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When life was hard in NSW, they used to say “things are crook in Muswellbrook”. In Victoria, the small hamlet of Tallarook finished the same rhyme. These days, Australians everywhere seem to think they are going to hell in a handbasket.

Consumer confidence has dropped off a cliff. The ANZ-Roy Morgan weekly measure of consumer sentiment has dropped 5.4 points over the past seven days and plummeted 20 per cent since the US and Israel started bombing Iran.

The Herald’s senior economics correspondent Shane Wright reports a combination of spiralling petrol prices, the war in Iran and the........

© The Sydney Morning Herald