Why we may not be done with inflation
Interest rates have come down in Canada and the eurozone. When will Australia follow suit?
Why real wages had to fall
Real wages in Australia have stagnated because the pandemic made us all poorer; a lack of wage growth just reflects that reality. If we push wages further above productivity, we risk disemployment, a wage-price spiral, and even a painful recession.
What Australia's per capita recession really means
Australia's national accounts were released last week and confirmed that our per capita recession – defined as two consecutive