Growth
2024
As the US election approaches, the risks of renewed inflation and unpredictable fiscal policies could complicate the global economic landscape, with significant implications for Australia.
While the US economy is hitting all the right notes—low unemployment, stable inflation, and strong wage growth—massive deficits and reckless policy proposals could tip the scales.
The recent Nobel Prize in Economics sheds light on Australia's biggest challenges and offers insights into whether they can be truly solved.
Jim Chalmers should do less talking and more reforming; Treasury Secretary Steven Kennedy should heed his own advice; China's leaders are getting desperate; taxing unrealised gains on Super is a bad idea; and how to fix the housing crisis.
Australia's per capita recession is the inevitable consequence of past policy decisions, where attempts to curb inflation clash with the need for economic stability, leaving households and young people bearing the brunt of a painful economic adjustment.
Working from home is good for (almost) everyone; QLD Inc wants to operate its service stations, at great cost; lawyers don't make good economists, Google edition; how nations escape poverty; why we should welcome cheap toasters; and the Romans really loved roads.
Russia's booming consumer spending will eventually crash back down to earth, following a historical pattern seen in times of war and disaster, including the 14th century's Black Death.
As low-productivity sectors like health care rapidly expand, Australia faces a pressing need to boost productivity in other areas to maintain economic growth and living standards.
Despite its proximity to the US and abundant natural resources, Canada's economy is hampered by inter-provincial trade barriers, powerful domestic cartels, and declining productivity, leaving it vulnerable to global trade tensions.
Assessing Australia's March quarter GDP figures; why productivity is still everything; how opinion polls can be dangerous; and where are all the Korean babies?