Australian Economy

As China’s property sector continues to deteriorate with each passing day, reports of renewed stimulus for the sector emerge every few months from the Chinese press or policymakers.

Australians have experienced a record 6.1% decline in their real wages. Worse, the Reserve Bank of Australia’s (RBA) own forecasts suggest that real wages will only recover to December 2011 levels by mid-2026, by which time they will still be tracking 5.7% below their mid-2020 peak.

This is what happens when you drive a car through the rear vision mirror.

A recent report from CBA economist Harry Ottley illustrated the unprecedented rise in non-market sector jobs over the past decade.

Earlier this year, Matt Bell from The Australian posted an article based on the Hays 2025 Skills Report claiming that Australia was facing a skills crisis, with businesses unable to find workers with the right skills.

ANZ-Roy Morgan Weekly Consumer Confidence Index has languished below the neutral 100 mark for more than three years, the longest and deepest stretch this century.

Last month, credit ratings firm S&P estimated that Australia’s state and federal governments’ combined budget deficits totalled $52 billion, with net debt exceeding 60% of GDP.

Roy Morgan has published its annual survey measuring the levels of trust and distrust that Australians have in the economy.

International education is purported to be Australia’s fourth-largest export, valued by the Australian Bureau of Statistics (ABS) at $51 billion in 2023-24.

One could write an entire book on all the various drivers of Australian economic ruin.

When the sun set on 2023, Canada had one of the highest migration rates in the world, welcoming over 1.24 million new migrants over the calendar year, or 3.2% of the population.

Get set for a “growth mindset”.

Back in October 2009, then Prime Minister Kevin Rudd publicly came out in favour of a ‘Big Australia’ following the release of what was then the latest Intergenerational Report.

At the recent federal election, the Albanese government was reelected with by far the best result for a first-term government in the nation’s post-World War 2 history.

Since the international borders reopened following the pandemic, a sizable proportion of Australia’s growth has stemmed from two sources: exports and government spending.

I don’t think gender is relevant to stupidity, but The Australian does.

When the Reserve Bank Governor Philip Lowe first began raising interest rates in May 2022, the question in the minds of many commentators and economists was, when will they be cut again?

With the release of the latest national accounts data, it was revealed that Australia’s GDP in per capita terms is once again contracting.

Nice pop in the NAB survey yesterday.

Morgan Stanley with the note.

When it comes to economic statistics, few are as hotly contested as government employment data.

In recent years, the hard reality of the economic, social and fiscal situation of Britain have gradually come to the forefront.

In the debate surrounding the future of Australia’s economy and what it will look like, the issue of the resources sector is often one of the most hotly debated elements.

In the history of the U.S economy, every now and then there is a major shift in the balance of forces impacting the path of both growth and economic policy.