Australian Economy

Albo has no idea about productivity, and not much else.

The St Louis Fed recently did an interesting AI survey that suggested the benefits of AI are large in certain areas but far from uniform.

Gone through 2026. The ABS. The seasonally adjusted balance on goods decreased $2,621m in May. Goods credits (exports) decreased $1,168m (2.7%) driven by Non-rural goods. Goods debits (imports) increased $1,453m (3.8%) driven by Capital goods.

In the nation’s collective consciousness, there is the narrative that there is a city experiencing a nation-beating exodus, where outflows of its residents are on the road to being biblical in their scale.

As the cost of living crisis continues to bite for millions of Australian households across the country, the experience for other households could scarcely be more different.

At the recent World Economic Forum’s (WEF) annual meeting at Tianjin, China, Chinese Premier Li Qiang pledged that China will become a “consumption powerhouse” capable of fuelling domestic and global growth.

Via the ABS today.

As we know, VIC is the worst-run state in Australia.

For a while there, wage theft disappeared or diminished.

Spaztralia is not a country; it is a domain of stupidity.

As Australia’s mediocre media cheers another entirely predictable “shock” better than expected budget balance, a glance beyond our nose tells us that something much messier is squeezing down the pipe at speed.

In recent weeks the issue of AI has been on the Albanese government’s agenda, as the run-up to the government’s “roundtable” on productivity continues.

By Lucinda Jerogin, Associate Economist at CBA Australian CPI inflation surprised to the downside at 2.1%/yr in May 2025.

In this MacroBusiness podcast, Gunnamatta and Leith van Onselen unpack the budget outlook, the deindustrialisation of Australia, housing policy failures, energy policy failures, and the nation’s falling productivity growth.

Photo by Rebrand Cities on Pexels Moving into a leadership role often feels like stepping into the unknown.

Last week, CBA economist Harry Ottley reported on the quarterly labour market account from the Australian Bureau of Statistics (ABS), which showed that 60% of the nation’s job growth since the beginning of the pandemic has come from the non-market (government-aligned) sector.

According to the ABS, Australia continues to experience unprecedented labour demand.

As the risks of a downward glide path for elements of China’s industrial economy continues to become clear, the risks for Australia’s economy and in particular state and federal Treasury outlooks are becoming increasingly apparent.

Amidst the ongoing debate surrounding the right level of migration for Australia, I thought it would be interesting to look into how population growth is playing out at a state based level.

If there is one country that has come to embody the absolute failure of developed world policymakers to address existential economic and social issues, it is South Korea.

Inflation is falling across the advanced world.

DXY is at the breaking point.

S&P with the report. Flash Australia PMI Composite Output Index(1): 51.2 (May: 50.5). 3-month high. Flash Australia Services PMI Business Activity Index(2): 51.3 (May: 50.6). 3-month high. Flash Australia Manufacturing Output Index(3): 50.4 (May: 49.8). 2-month high. Flash Australia Manufacturing PMI (4): 51.0 (May: 51.0).

Victoria’s economy has become a national disaster. The Australian Bureau of Statistics’ (ABS) annual state accounts for 2023-24 revealed that Victoria’s per capita GDP fell by 1.2% annually and has only increased by 10.4% since the Global Financial Crisis (GFC) in 2008.