Economics

Australia’s Climate Report: Economic Impacts and Coal Export Challenges Loom by 2063

According to the government's latest intergenerational report, Australia can experience significant economic consequences if global warming is not effectively addressed. The comprehensive report, set to be released shortly, outlines the potential ramifications of climate change on the nation, emphasising that...

Contradictory Economic Signals Leave Australia’s Economic Outlook Uncertain

Australia's economic landscape is shrouded in ambiguity as a series of conflicting economic indicators paint a puzzling picture of the nation's financial health. Despite facing a barrage of domestic interest rate hikes and global economic challenges, the Australian economy is...

Australia’s Leading Economists Push for Lower Unemployment Targets, Challenging Official Estimates

In a recent Economic Society of Australia survey, prominent economists state that Australia can sustain an unemployment rate of 3.75%, well under the Reserve Bank's 4.25% estimate and the Treasury's 4.5% projection. The poll involved 51 economists chosen by...

Innovative Study Proposes Revenue-Recycling Carbon Tax for Australia’s Environmental and Economic Growth

A groundbreaking study by Mona Mashhadi Rajabi, a Postdoctoral Research Fellow at the University of Technology Sydney, unveiled a novel approach to address Australia's environmental and economic challenges.  The research advocates for a carbon tax paired with an ingenious "revenue...

Australia’s Inflation Rate Falls, Rents Reach 35-Year High

Australia's inflation rate fell more than expected in the second quarter of 2023, easing concerns about rising prices. However, rents reached their highest quarterly increase in 35 years, posing challenges for the Reserve Bank and consumers. In April-June, the headline...

Western Australia’s Economic Recovery Hinges on Diversification and International Trade, Finds Report

A recent report by the Bankwest Curtin Economics Centre at Curtin University emphasises the crucial role of international trade and a thriving mining and resources sector in Western Australia's post-covid economic recovery. Unlike many other states, Western Australia demonstrated remarkable...

Australian Economist Calls for Truly Multilateral Agenda Amidst Global Economic Uncertainty

Amidst a period of "considerable uncertainty" in the world economy, renowned Australian economist Peter Drysdale has emphasised the urgent need for a multilateral approach to address pressing challenges.  Drysdale, head of the East Asian Bureau of Economic Research and East...

Indonesia-Australia Strategic Cooperation: Advancing Electric Vehicle Batteries

Indonesian President Joko Widodo and Australian Prime Minister Anthony Albanese met on July 4 to discuss strategic cooperation between their nations, primarily focusing on developing the green economy and regional security. Recognising Australia's significant role as a major supplier of...

Australia’s Economic Model Faces Challenges, Ranks 19th in World Competitiveness Report

Australia has secured the 19th position out of 64 countries in the recently released World Competitiveness Yearbook report by the International Institute for Management Development. While Australia excels in life expectancy and health coverage, its rankings in entrepreneurship (62nd place)...

Auditor General’s Report Reveals Treasury’s Failure in Tackling Australia’s Shadow Economy

Under the scrutiny of an auditor general's report, the Australian Treasury has been revealed to have failed in effectively combating the shadow economy, resulting in a loss of $12.4 billion in tax revenue for the nation. It also uncovers...
- Advertisement -spot_img

Latest News

- Advertisement -spot_img