The RBA leaves rates on hold, Australia gets a GDP growth spurt from pre-election spending, and the IMF lays the groundwork for a lowering of global growth expectations.
When attendees at the annual Jackson Hole symposium get a chance to chat, they might muse about central banks targeting nominal GDP instead of inflation.
Reuters/Jonathan Crosby
South Africa has claimed back its status of the largest economy in Africa, toppling Nigeria, due to the appreciation of the rand. What’s prompted the movement?
India’s GST still needs to pass some check points but it promises economic reform.
Sivaram V/Reuters
Medal counts for individual countries from the Sydney 2000 to London 2012 Olympics have been predicted relatively accurately, using just a small number of demographic and economic characteristics.
A national minimum wage can address South Africa’s inequality.
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The numerical basis used to study African economies suffers from major knowledge gaps. This needs to improve if numbers are to inform policies that will encourage growth and push back poverty.
Are we slaves to futile endeavour?
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Education does help to grow the economy, but research highlights some severe limitations.
Prime Minister, Malcolm Turnbull and Treasurer Scott Morrison should be pleased with the strong GDP figure, released during the election campaign.
Lukas Coch/AAP
Our feelings of self-worth and contentment are no longer the preserve of writers and artists. Science has made measurement of our well-being a viable alternative to the banalities of economic output.
Forecasts are crucial for all economic and business activity. But looking into the future involves uncertainty and risk. Forecasts may be inaccurate, which creates a serious dilemma for policy makers
The Malcolm Turnbull-led government will have to combat a gloomy Australian economic forecast in this year’s election.
AAP/Mick Tsikas