Australian Economy

The drumbeat of contempt for the L-plated treasurer, Josh Recessioberg, is ceaseless and growing louder.

From Roy Morgan Research: Surveyed in September, Australians as a whole said they expected inflation to increase by 4% annually over the next two years. This is up very slightly (0.1%) on how they were feeling the previous month, but it is down a little (0.3%) on their expectations a year earlier.

Reserve Bank of Australia (RBA) governor, Philip Lowe, has told an International Monetary Fund meeting in Washington that the Australian economy appears to be on track to return to its trend growth rate in 2020, which should put downward pressure on the unemployment rate and gradually boost wages.

Last week, Labor attracted scorn from union leaders after the party’s caucus voted to support the federal government’s proposed free-trade agreements (FTAs) with Indonesia, Hong Kong and Peru.

Via Ross Gittins today: Scott Morrison’s problem is that he gets politics – and is good at it – but doesn’t get economics.

MB often works with international hedge funds on the Aussie economy.

Here we go, via AFR: Australian smelters are struggling under high power costs and weak aluminium prices, and their reliance on fossil fuels is also becoming a competitive disadvantage, with Alcoa signalling that reducing its carbon footprint was an important goal of the “review” under way into almost half its global smelting fleet.

There are few greater proponents of the mass immigration economic model than David Crowe at Domain.

Labor has attracted scorn from union leaders after the party’s caucus voted to support the federal government’s proposed free-trade agreements (FTAs) with Indonesia, Hong Kong and Peru.

According to the latest official figures, around 709,000 people are currently unemployed in Australia.

The ABC has published a detailed report on how rabid population growth is wrecking liveability across the Gold Coast: The Gold Coast may just be the urban equivalent of human growth serum.

Yesterday’s ABS labour force release for August revealed a mixed Australian youth labour market – i.e.

The tax cuts are clearly doing bugger all, entirely predictably, so what’s the answer to a flagging economy?

Australia is commonly regarded as running one of the world’s best ‘skilled-based’ immigration programs.

Let us recall where it all started.

From perhaps Australia’s greatest ever economic hypocrite, via Domain today: Former treasurer Peter Costello has blamed ultra-low interest rates for fuelling global political extremism and accused the Reserve Bank of focusing on global currency movements rather than the Australian economy when setting monetary policy.

As summarised earlier, the Australian Bureau of Statistics (ABS) today released its labour force report for September, which registered a 14,700 increase in total employment and a decrease in the headline unemployment rate (from 5.3% to 5.2%) due to a 0.07% decrease in labour force participation.

The ABS is out with September Labour Force and the news is decent: SEPTEMBER KEY POINTS TREND ESTIMATES Employment increased by 20,200 to 12,942,800 people.

Via SEEK: “We are seeing a slight improvement in the market with the rate of job ad decline moderating, with September at -7.4% compared to August, which was -8.6%.

Yeh, they’re onto it at last.

L-plate Treasurer Josh Recessionberg continues down his self-destructive path today.

Anglicare has released a report which shows that there are 5.5 people competing for every entry-level job position.