The country is crying out for more investment, and more devolution would help deliver it.
Articles on Recession
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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.
There are a number of reasons why there’s such a significant gap between aggregate economic numbers and the perceptions of everyday people.
The real question in the minds of many economists is what the trend in inflation will be going forward, and when interest rates will begin to fall and bring relief to Canadians.
Market expectations for rate cuts sooner rather than later have been dashed but some economies remain in danger of recession.
We should be sceptical of anyone claiming a recession is just around the corner.
So you thought raising interest rates brought down inflation? The reality is a bit more debatable.
Beneath the obvious policy differences between Labour and National lies a tacit consensus on fundamental economic settings. Until that changes, political choice will be constrained.
Why is monetary policy outside the realm of politics? What are the social ramifications of our current monetary policy system? What alternatives exist?
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.
The latest labor figures are less encouraging than they might seem.
The world’s central banks face a range of dilemmas, not least whether high inflation – and therefore high interest rates – will become permanent.
Even a week ago we couldn’t have predicted this. But after good news from the US, our Reserve Bank now has a chance to cement low unemployment while controlling inflation – without more rate rises.
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.
Not only is degrowth is not the same as negative GDP growth, it is actually better for the planet.
Three forces are pulling down ESG’s once-rapid rise in the investment world.
The numbers seem to be going in the ‘right’ direction for the Fed to pull off a soft landing – and avoid a recession – but the picture remains murky.
The Fed’s decision to raise rates is likely to put more pressure on regional banks, which will make it harder to avoid a recession.
The Conversation’s 29-member panel expects very weak economic growth and recessions in much of the rest of the world, but there’s good news down the track for Australians’ buying power.
UK policymakers and industry need to set their sights on the long-term picture to boost productivity and help grow the economy.
Top contributors
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Professorial Fellow, University of Canberra
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Senior Lecturer in Economics, The Open University
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Associate Professor of Finance, Mississippi State University
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Associate Professor of Business, Boston University
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Program Director, Housing and Economic Security, Grattan Institute
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Senior Lecturer in Economics, University of Sydney
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Honorary Research Fellow, City Political Economy Research Centre, City St George's, University of London
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Senior lecturer, Canberra School of Government, University of Canberra
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Lecturer in Economics, Monash University
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School of Social Sciences, Monash University
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Associate Professor of Economics, West Virginia University
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Associate Professor of Economics, Pace University
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Professor of Finance and Business Economics, University of Southern California
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Professor & Greenbaum/Ferguson/NJAR Endowed Chair in Real Estate Policy, Monmouth University