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Falling living standards may cost you your life. 4 days ago. 17
It’s official: Australians face lost economic decade
Jan 29, 2025 · Australians have suffered their deepest decline in material living standards in modern history. Real per capita household disposable income has collapsed by more than 8% since the Albanese ...
Australians batten down for longer, deeper recession
Oct 23, 2024 · The IMF’s forecast is slightly more optimistic than similar to the OECD’s most recent economic outlook, which reduced Australia’s GDP growth prediction for 2024 to 1.1%, down from 1.5% in ...
Australia’s economy is much weaker than it looks
A new analysis published by Justin Fabo at Antipodean Macro reveals that Australia’s economy is even weaker than thought.. As illustrated below, the ABS on Wednesday revised down Australia’s ...
Australia’s record per capita recession gets extended
Nov 29, 2024 · The Reserve Bank of Australia’s (RBA) November Statement of Monetary Policy (SoMP) downgraded Australia’s GDP forecasts to 1.5% for the year ended 2024 and 2.3% for 2024-25.
Australian economy ends 2024 in recession - MacroBusiness
The NAB Business Survey, released on Tuesday, suggests that the Australian economy remains in a per capita recession. As Justin Fabo at Antipodean Macro shows below, business conditions, including ...
Australians face slow grind out of recession - MacroBusiness
Westpac has released its Red Book for October, which forecasts a long grind out of recession. Westpac notes the brutal decline in real per capita disposable income, which it estimates at “an eye ...
Australian economy caught in productivity ‘catch-22’
We have seen the consequences of this growth in the debate over housing and infrastructure in NSW.. Last month, Mirvac, the NSW Productivity and Equality Commission and Treasurer Daniel Mookey ...
Australia could have been rich. We chose to be poor.
Jul 16, 2024 · Source: John Hopkins. Similarly, Norway, another resource-rich nation, has leveraged its oil wealth to create a sovereign wealth fund worth over $1 trillion, ensuring long-term prosperity for its ...
Australia's economic luck is about to run out - MacroBusiness
“This record turnaround hasn’t been accidental or incidental”, Chalmers boasted.“We have been able to save around $80 billion in interest payments compared to the 2022 PEFO over the decade ...