The adverse impact of the resources bust is still there, but the figures suggest the economy tracking at or above its potential.
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Scott Morrison and Chris Bowen kept to their lines, but both ignored Australia’s most compelling economic issue.
Both parties are proposing to spend more on education, yet there is no guarantee that either will lift outcomes substantially.
Over the next ten years, 40% of jobs are predicted to disappear. Universities will be essential to helping people reskill, upskill and reinvent their jobs.
It made the headlines, but the numbers don’t add up.
The announcement of a rival to the Johannesburg Stock Exchange presents a welcome development in South Africa – but it’s not the first time the JSE has faced competition.
The magnetic group of rare earths, used in the production of powerful magnets, will be a driver for the market into the future.
Australia needs to move beyond mining graphite and invest in processes that convert it into synthetic diamonds and use it to create carbon fibres.
If Australia investments in technology to recycle and lease lithium, it could capitalise on its increasing use in batteries.
Even if the price of iron ore remains low, Australia is still well placed to benefit from this resource in the future.
The industrial construction sector will have to cut costs and focus on smaller projects due to a slowdown in mining construction.
The chancellor’s strategy has been to create an impression of quietly assured competence. The result? Rather bland, but the surprise sugary drinks tax will go down well with the public.
The Reserve Bank of Australia has created a new index for uncertainty in the Australian economy based on news, financial indicators and economic variables.
The Coalition government will retain power if it can convince both business and voters it understands Australia’s economic challenges.
It is unlikely President Zuma will announce a structural changes in his State of the Nation Address. This, despite education being in dire need of fundamental restructuring and an economy in decline.
The general loss of faith in the economy is the most important issue President Zuma must address. More radical social and economic transformation, with emphasis on land reform will be most critical.
Federal treasurer Scott Morrison said that expenditure as a share of the economy under this government is falling, not increasing. Is that right?
A professor of economics reflects on other outbreaks to get to grips with the likely impacts of Zika.
It’s a turbulent time for the global economy – here’s what to expect.
This week delivered more evidence that advanced economies are suffering from secular stagnation, hampering any real growth.
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Professor of Economics & Business, Allegheny College
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