The Australian Economy
Australia hasn’t had a recession – in the widely used sense of two or more consecutive quarters of negative real GDP growth – since 1991. Since then, Australia’s ranking among nations in terms of per capita GDP has risen from 22nd to, in the last four years, either 12th or 13th, behind only the United States, Norway, Switzerland and a number of other smaller states which are predominantly either oil producers or financial centres. Australia’s economic performance reflects a combination of luck and management – the relative importance and quality of which have varied significantly from time to time. Monitoring the performance of and analysing the prospects for the Australian economy has been the major part of my ‘day job’ since I completed my university degree in 1979.
September quarter national accounts and their implications for the Reserve Bank of Australia’s monetary policy
Economic Policies, Economic Video, News, Recent Media Interview, The Australian Economy | 6th December 2023Saul spoke with Ausbiz ‘s Danielle Ecuyer about today’s September quarter national accounts and their implications for the Reserve Bank of Australia’s monetary policy settings
Danielle Wood must help undo GST deal
News, Taxation, The Australian Economy | 30th November 2023The Australian Financial Review has published an op-ed from me on the changes to the arrangements for distributing the revenue from the GST among the states and territories imposed by the Morrison Government in 2018 (with the support of the then Labor Opposition) – something which I regard as one of the worst public policy […]
Saul Eslake with 4BC’s Bill McDonald: October inflation figures
News, Recent Media Interview, The Australian Economy | 29th November 2023Saul spoke with Brisbane Radio 4BC’s Bill McDonald about today’s October inflation figures and what they mean for interest rates.
Good news and not-so-good news from the latest inflation data
The Australian Economy | 29th November 2023There’s good news and not-so-good news in the monthly CPI Indicator for October released by the Australian Bureau of Statistics this (Wednesday) morning. The good news is that consumer prices (or at least, the prices of the roughly two-thirds of the items in the more comprehensive quarterly CPI that are included in this monthly measure) […]
The appointment of Andrew Hauser as the new Deputy Governor of the Reserve Bank of Australia
News, Recent Media Interview, The Australian Economy | 27th November 2023Saul spoke with Special Broadcasting Service (SBS) Australia World News’ Ricardo Gonçalves about today’s announcement of the appointment of Andrew Hauser, currently Head of the Bank of England’s Markets Division, as the new Deputy Governor of the Reserve Bank of Australia.
Queensland Government’s doubes its First Home Owners’ Grants
Australian Society and Politics, Housing, Recent Media Interview, The Australian Economy, Video | 20th November 2023Saul talks to Brisbane radio 4BC’s Bill McDonald about the Queensland Government’s decision to double its First Home Owners’ Grant
What is a ‘recession’, and can we see one coming?
The Australian Economy, The Global Economy | 17th November 2023Danielle Wood, the Productivity Commission and the horizontal fiscal equalization (HFE)
Economic Policies, Taxation, The Australian Economy | 13th November 2023The changes to the way in which revenues from the GST are carved up among the states and territories imposed by the Morrison Government in 2019 (with the support of the then Labor Opposition) represent, IMHO, one of the worst pieces of public policy-making in Australia in at least 25 years. Among many other flaws, […]
