China’s economy grew by 7.3% during the third quarter of 2014, meeting market expectations. Polling by Reuters and the Wall Street Journal put the consensus forecast at 7.2-7.3%, the slowest pace in more…
Articles on GDP
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Despite enormous economic growth over the past 200 years, developed and developing countries alike are failing to tackle crime and environmental problems, a major report from the OECD has concluded. The…
With France remaining economically stagnant, Italy falling back into recession, and Greece and Portugal still struggling to stand on their feet, the international community often looks to Germany, not…
Two studies about the impact of migration on the UK economy have been published which – if media reports are to believed – appear to contradict one another. A closer reading of these reports, however…
Even Angela Merkel now seems to agree that austerity has run its course. When Italy’s prime minister, Matteo Renzi, together with other European leaders, led a fresh charge against the ill-fated policy…
The CAMA RBA Shadow Board is a project by the Centre for Applied Macroeconomic Analysis, based at the ANU, which asks industry and academic economists what interest rate the Reserve Bank of Australia should…
When FIFA awarded the 2014 World Cup finals to Brazil seven years ago, it looked as if the tournament would be a coming out party for the country. Now, the picture is far more mixed. It has become fashionable…
To paraphrase The Wire’s Stringer Bell: “Product, my dear colleagues. Product”. When the putative “CEO” of the Barksdale drug gang was referring to “product”, he possibly wasn’t thinking of the “gross…
Treasurer Joe Hockey’s first budget creates a clear path almost to a surplus. Our children will pay much less for current spending. Real political courage was required to get this far. But the budget also…
Since publication this infographic has been amended. The original version stated the NDIS was scaled back. There are no planned cuts to the funding of the NDIS.
In the industrial era, economic growth has become equated with human progress, with a fundamental assumption that material growth and consumption inevitably leads to improvements in our well-being. Over…
What does the now sustained recovery in the UK and the still tentative signs of recovery in the eurozone tell us? According to some on the right, it says all is good in the world, austerity has been successful…
Germany’s envied “Mittelstand” of modest, family-owned companies which have underpinned the country’s emergence from the financial crisis has given Europe a problem. It has helped turned the country into…
It seems highly likely that Narendra Modi will be the next elected prime minister of India. One reason for that has been a well-orchestrated campaign to represent Modi as some kind of legislative miracle…
Climate change is already having a major impact on the planet, with impacts forecast to worsen significantly, according to the latest summary of peer-reviewed climate science from the Intergovernmental…
The world’s second-largest economy has become the second-most watched and yet investors, politicians and economists are never quite clear what it is they’re looking at. China’s premier, Li Keqiang, is…
The Confederation of British Industries (CBI) has claimed the UK is seeing not just any economic growth, but “the right kind of growth”. But if there a right kind of growth, then there must be the wrong…
So the International Monetary Fund has revised its economic growth forecast for the UK upwards. It now expects 2.4% growth in the UK this year, up from the 1.9% they predicted a few months back. Cue celebratory…
How happy do you feel today? How satisfied are you with your life? Do you think your life has any worth? These are the kind of questions increasingly put to survey respondents as academics and politicians…
The Office for National Statistics has issued the welcome news that UK GDP rose 0.8% from July to September this year. This is the fastest rate of increase in the past three years and is the third consecutive…
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Emeritus Professor of Economics (Griffith University) and Teaching Associate (University of Queensland), Griffith University
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