Interest rates are almost certain to rise again in February, after the latest Consumer Price Index figures showing inflation hitting a record high of 7.8% in 2022.
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Articles on Australian economy
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The Whitlam government’s economic performance was certainly not perfect. But it deserves a better reputation than it has.
Modelling from Victoria University finds four groups of occupations most likely to have shortages of workers or an oversupply.
An uncritical obsession with productivity threatens to distract us from the deeper problems Australia must face and fix.
Even with enough supply, local gas prices have been skyrocketing. The ACCC has squibbed on possible reforms such as a windfall profits tax.
As Jim Chalmers prepares to deliver grim news on the economy, he will choose his words carefully.
Australia has its lowest unemployment rates in almost 50 years – helped along by high numbers of employees off work sick.
Compared with other OECD nations, Australians pay much less tax than some headline statistics suggest.
The Reserve Bank of Australia has delivered a ‘double-whammy’ interest rate rise, with up to five more to come in 2022.
Despite Albanese’s campaign hiccups, at the end of this penultimate week, based on the objective evidence, the election appears to be his to lose.
Australia’s GDP was up 3.4% last quarter of 2021, on the back of pent-up consumer spending. Other factors must drive future growth.
Despite limited direct economic ties, Russia’s invasion of Ukraine has important consequences for Australians too.
Increasing perceptions of corruption in Australia could be suppressing economic growth by as much as 0.6%
If we want higher wages, we must win them through deliberate wage-boosting policies.
There is enough momentum for Australia’s unemployment rate to go lower than 4.2% in 2022. Keeping it low is another matter.
Some political and business leaders have, from the outset of COVID-19, downplayed the economic costs of mass illness. We’re now seeing the result.
Even now much of the recovery in employment seems to be happening without big wage increases.
To calculate the cost of Australia’s closed border, we’ve focused on estimating losses from international tourists and students.
We need a tenfold increase in the digital economy budget spending for Australia to become a leading digital economy.
With younger people hit hardest by the pandemic’s economic impacts, it’s imperative to ensure an entire generation is not permanently disadvantaged.
Top contributors
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Professor of Economics, UNSW Sydney
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Professor of Economics and National Senior Teaching Fellow, Griffith University
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Professor, Griffith Business School, Griffith University
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Professorial Fellow, University of Canberra
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Economist at Centre of Policy Studies, Victoria University
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Professor of Economics, The University of Melbourne
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Professiorial Fellow, The University of Melbourne
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Professor, Monash University
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School of Social Sciences, Monash University
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Professorial Fellow and Deputy Director (Research), HILDA Survey, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne
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Industry Professor and Chief Economist, University of Technology Sydney
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Vice-Chancellor’s Fellow, University of Tasmania
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Professor of Economics, University of Canberra
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Professor of Macroeconomics, University of Sydney
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Associate Professor, Finance, The University of Western Australia
