While necessary during the crisis, government borrowing isn’t costless. Longer term, it might depress living standards.
- Professor of Economics, Griffith University
Every one of the 13 economists surveyed by The Conversation thinks more stimulus is needed. None think it should all come from the Reserve Bank. Most think the budget surplus can wait.
Trump’s tariffs will have only a small impact on the Australian economy, as Australia isn’t a large exporter of steel or aluminium.
If the world starts to restrict trade and crack down on foreign investment, it will affect China’s growth, which will in turn affect the world.
Australia has had 24 years of consistent growth. Is it all about to come to a crashing end?
Mining, along with agriculture, will continue to be key parts of the Australian economy – but new growth is expected in the services sector.
The G20 leaders have reaffirmed a commitment to raise global growth, saying if more than 800 agreed measures are “fully implemented”, GDP will grow by an additional 2.1% by 2018, adding more than US$2…
Last week the IMF revised its 2014 global economic growth forecast down to 3.3% from the 3.7% expected six months ago, confirming that most economies around the world, Australia included, continue to underperform…
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