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.
The prospects for RBA’s cash rate reductions in the second half of 2024News, Recent Media Interview, The Australian Economy | 2nd January 2024
Saul Eslake talks to Sky News’ Kenny Heatley on 2nd January 2024 about the prospects for RBA’s cash rate reductions in the second half of 2024.
Does Australia’s productivity growth slowdown represent an inflation risk?The Australian Economy | 14th December 2023
One of the many interesting things you can do with the information provided in the Australian Bureau of Statistics’ Labour Account, the most recent of which (for the September quarter) was published last Friday, is derive what I call ‘dollar-based’ estimates of labour productivity – not only for the economy as a whole, but for […]
The Mid-Year Economic and Fiscal Outlook (MYEFO)Economic Policies, News, The Australian Economy | 13th December 2023
Interview with Melbourne Radio station 3AW’s Heidi Murphy about the Mid-Year Economic and Fiscal Outlook (MYEFO) presented by Treasurer Jim Chalmers on Wednesday 13th December Economist provides rundown on the budget update and the ‘surprising’ passport increase (3aw.com.au)
September quarter national accounts and their implications for the Reserve Bank of Australia’s monetary policyEconomic Policies, Economic Video, News, Recent Media Interview, The Australian Economy | 6th December 2023
Saul 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 dealNews, Taxation, The Australian Economy | 30th November 2023
The 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 figuresNews, Recent Media Interview, The Australian Economy | 29th November 2023
Saul 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 dataThe Australian Economy | 29th November 2023
There’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 AustraliaNews, Recent Media Interview, The Australian Economy | 27th November 2023
Saul 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.