Peter A. Coclanis, University of North Carolina at Chapel Hill and Leon Fink, University of Illinois Chicago
As of 2022, only Nigeria and Sudan had lower trade-to-GDP ratios.
Canada should be making room for measures of personal and collective well-being other than GDP, including price stability, lower levels of inequality and happiness.
THE CANADIAN PRESS/Adrian Wyld
Peter Martin, Crawford School of Public Policy, Australian National University
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.
Peter Martin, Crawford School of Public Policy, Australian National University
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.
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.
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.
Peter Martin, Crawford School of Public Policy, Australian National University
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’.
Peter Martin, Crawford School of Public Policy, Australian National University
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 has a productivity problem and its economy is falling behind other developed countries as a result. What’s going on?
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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.