As of 2022, only Nigeria and Sudan had lower trade-to-GDP ratios.
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Drawing on insights from their recent book, two academics shed light on why Canada’s anemic growth should be a cause for concern.
The treasurer says the 2024 budget will be about supporting growth after the weakest economic figures in 23 years outside of a recession.
The best measure of living standards – real household disposable income per capita – has been going backwards for two years. It’s the biggest dive in living standards in half a century.
The Conversation’s expert 00panel expects inflation to continue to fall, but more gradually, and it expects the RBA to be slow in responding. Unemployment should climb and economic growth weaken.
Australia’s household saving ratio has collapsed from a high of 20% at the start of the decade to just 1.1%.
Some work is already being done to enhance the tourism sector’s environmental sustainability.
When economists model climate impacts, they look to what past weather shocks have done to the economy. But this does not remotely capture what climate change could do.
An economist explains why new official figures have eased the gloom surrounding the UK economy, but haven’t fully dispelled all fears.
Six charts explain the Australian economy. Three of the most disturbing show living standards going backwards, productivity collapsing and household saving falling to a 15-year low.
Some have estimated a holiday for a Matildas win would cost Australia’s economy $2 billion. But new international research suggests the true cost could be much lower – and here’s why.
Treasurer Jim Chalmers said he wanted to ‘revitalise and renew and refocus’ the commission with Barrett’s appointment, recognising that ‘productivity has evolved’.
The good news includes a return to real wage growth and a restrained increase in unemployment. The bad news includes even higher home prices and a per-capita recession.
Canada needs to improve the way we work. Improving our productivity ranking will take years, but by taking steps in education, in the private sector and in government, we can achieve national wealth.
Per person, gross domestic product shrank 0.2% in the three months to March, the most outside of a COVID downturn since 2016.
The Reserve Bank governor has only three months left in the job and he isn’t yet sure inflation is on the way down.
Nigeria’s debt profile is disturbing but shouldn’t hinder Bola Ahmed Tinubu’s ability to tackle unemployment and poverty.
Not only is degrowth is not the same as negative GDP growth, it is actually better for the planet.
Fuel subsidy removal can benefit workers and poor Nigerians, if the process is carefully managed and implemented.
The numbers seem to be going in the ‘right’ direction for the Fed to pull off a soft landing – and avoid a recession – but the picture remains murky.
Top contributors
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Professor of Economics, UNSW Sydney
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Professorial Fellow, University of Canberra
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Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra
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Founding Director, Institute for Sustainability, University of Surrey
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Economist at Centre of Policy Studies, Victoria University
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Director and Professor, Australia-China Relations Institute (ACRI), University of Technology Sydney
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Associate Professor in International Macroeconomics, Cambridge Judge Business School
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Senior Lecturer in Economics | Freelance Consultant, Sheffield Hallam University
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Lecturer in Economics, University of the Witwatersrand
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Honorary Professor of Economics, UCL
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Dean of Business School, University of Southern Queensland
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Professor of Economics & Business, Allegheny College
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Professor of Economics and National Senior Teaching Fellow, Griffith University
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Professor, School of Economics, The University of Queensland
