National debt can be beneficial and help countries grow their economies, but only if it’s managed properly. Too much debt can become burdensome and cause economic growth and investments to slow down.
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Any mention of the ‘R’ word can trigger anxiety. But not all definitions of recession are the same, and not being in one doesn’t necessarily mean people aren’t feeling economic pain.
The economy hasn’t been this weak outside of a recession since the 1980s. GDP per capita has fallen for six consecutive quarters – the longest period in records going back to the 1970s.
The Conversation’s expert panel expects the Reserve Bank to cut interest rates two to three times over the next 18 months, with the first cut likely in March.
Ghana’s central bank has faced criticism for its role in the country’s economic crisis.
Living standards have fallen for the fifth successive quarter, the longest decline in 40 years.
Some experts are suggesting the economy should be measured in ways the public recognise.
As of 2022, only Nigeria and Sudan had lower trade-to-GDP ratios.
Drawing on insights from their recent book, two academics shed light on why Canada’s anemic growth should be a cause for concern.
The treasurer says the 2024 budget will be about supporting growth after the weakest economic figures in 23 years outside of a recession.
The best measure of living standards – real household disposable income per capita – has been going backwards for two years. It’s the biggest dive in living standards in half a century.
The Conversation’s expert panel expects inflation to continue to fall, but more gradually, and it expects the RBA to be slow in responding. Unemployment should climb and economic growth weaken.
Australia’s household saving ratio has collapsed from a high of 20% at the start of the decade to just 1.1%.
Some work is already being done to enhance the tourism sector’s environmental sustainability.
When economists model climate impacts, they look to what past weather shocks have done to the economy. But this does not remotely capture what climate change could do.
An economist explains why new official figures have eased the gloom surrounding the UK economy, but haven’t fully dispelled all fears.
Six charts explain the Australian economy. Three of the most disturbing show living standards going backwards, productivity collapsing and household saving falling to a 15-year low.
Some have estimated a holiday for a Matildas win would cost Australia’s economy $2 billion. But new international research suggests the true cost could be much lower – and here’s why.
Treasurer Jim Chalmers said he wanted to ‘revitalise and renew and refocus’ the commission with Barrett’s appointment, recognising that ‘productivity has evolved’.
The good news includes a return to real wage growth and a restrained increase in unemployment. The bad news includes even higher home prices and a per-capita recession.
Top contributors
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Scientia Professor of Economics, UNSW
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Senior lecturer, Canberra School of Government, University of Canberra
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Professorial Fellow, University of Canberra
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Founding Director, Institute for Sustainability, University of Surrey
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Professor of Economics, University of Canberra
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Professor of Economics & Business, Allegheny College
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Dean of Business School, University of Southern Queensland
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Director, Centre of Policy Studies, Victoria University
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Associate Professor, School of Economics, University of Sydney
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Emeritus Professor of Economics (Griffith University) and Teaching Associate (University of Queensland), Griffith University
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Director and Professor, Australia-China Relations Institute (UTS:ACRI), University of Technology Sydney
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Associate Professor in International Macroeconomics, Cambridge Judge Business School
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Lecturer in Economics, University of the Witwatersrand
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Professor, School of Economics, The University of Queensland