In the years since the pandemic first arrived on Australia’s shores in early 2020, the government has taken on a greater and greater role as a driver of economic activity. In the past five and a half years, day-to-day government spending as a proportion of GDP has risen by 4.2 percentage points above the pre-Covid
This speaks for itself about Labor. Former Labor premiers Daniel Andrews and Bob Carr have accepted invitations to a Chinese military parade where Russian President Vladimir Putin and North Korean dictator Kim Jong-un are also guests of honour. Andrews and Carr were included in a list of names released by the Chinese foreign ministry of
The Australia Institute (TAI) used to talk sense on immigration. In 2015, TAI published an excellent research paper calling for a national debate on Australia’s future population: Since the Sydney Olympics in the year 2000 the population of Australia has grown by 25 per cent. In fact, since the Sydney Olympics, Australia’s population has grown
Sometimes, markets really are stupid. The last time steel was at these prices, iron ore was $10 lower. Traders are so busy buying iron ore on the basis of anti-involution policies that they have forgotten reality. Reuters. China will push to cut steel production between 2025 and 2026, according to an official document reviewed by
Victoria disease is the malady of endless Labor government leading to a mass immigration led economic model that destroys living standards via private sector crowding out, onerous public debt, industrial hollowing out and capital shallowing. Rinse and repeat. It is a national affliction but Victoria is it’s progenitor and the case most metastasised. What you
Friday night saw a selloff dominate on risk markets as the end of week and month double twitching and fund flows amid the steepening yield curve on US Treasuries, now at a three year high. Wall Street pulled back the sharpest with European shares still in hesitation mode. The USD was broadly unchanged but finishes
Australians have been trapped in a long, drawn-out per capita recession. As the following chart illustrates, Australia’s per capita GDP has recorded nine declines in the past 11 quarters. While the cumulative 1.7% decline in real per capita GDP is rather shallow compared to the early-1980s and 1990s recessions, it is the longest-running slump in
Yet another major bank is on board. Credit Agricole. After years of resistance, the RBA has lowered its productivity growth assumption. This has not led to higher inflation forecasts or the risk of tighter monetary policy. The RBA is assuming lower productivity growth will not only weaken supply but also demand via lower income growth.
According to Cotality (formerly CoreLogic), Australian rental affordability was at a record low at the end of 2024, with the median household required to spend 33% of their income to rent the median home. Cotality’s latest Quarterly Rental Review, released in July, showed that rents nationally have surged by 43% over the past five years:
By Lucinda Jerogin, Associate Economist at CBA Australian headline inflation surprised to the upside, sharply rising by 2.8%/yr in July. However, electricity and travel prices contributed to the majority of the forecast miss and will likely unwind in coming months. The Minutes of the August Monetary Policy Board meeting highlighted a shift in focus for