The OECD has released its Economic Overview for Australia for 2014. The OECD report suggests Australia’s material living standards and well-being compare well internationally, reflecting a well-managed and successful economy. The economy is slowing as the prolonged mining boom recedes. Output growth of about 3% is expected for 2014 and 2.5% in 2015. [Editor’s note – Growth of 2.5% is seen…
Tag Archives Economy
For those that asked. http://youtu.be/uQqNZf8vJPo?list=UUmWzPTYrtJQ3Up1muMu-i6Q Graph Source: Harvard - Atlas of Economic Complexity
Edit: 26th November - Stunning, just truly stunning…... 11 days…. Caveat: I am a shareholder! Today [Nov 26th ] in a window of connectivity [ Download speeds 0.04Mbps or slower than a 1995 dialup modem] I received this: The PREMISE of this communication is that SOMEONE from Telstra has responded? The sum total of my interactions with Telstra Support SINCE I…
Those interested in the public policy [and community] issues of rural and regional Australia will be interested in the excellent work of the Regional Australia Institute. From their site: We run a tightly focused research agenda, improving the quality of and access to knowledge on how we can ensure the prosperity and sustainability of Australia’s regions, and our nation as…
A recent tweet from the NTEU ACT Division (@NTEUACT) Australia has 2nd highest level of insecure work in OECD - after Spain. We know that we are approaching 40% of the workforce undertaking insecure work. *Source: Lives on Hold - Unlocking the potential of Australia's workforce. We also hear much about "skills shortages" and the need for "flexibility", yet the…
5.8% unemployment. Once again, the labour market data in Australia shows a remarkably robust labour market, with seasonally adjusted unemployment stable in July at 5.8%. ANZ CEO Mike Smith last night stated that he saw unemployment here stabilising at 6%, which would be remarkable. The problem is that that would require a fair pick up in the economy in the…
Executive Director of the Lowy Institute, Michael Wesley, gave a short presentation in Melbourne, with the broad theme being that coming years are likely to see Australia facing the most challenging global environment in our history. Read on at CoreEcon.. Australia's next great challenge?.
Labour market. The unemployment numbers yesterday were again remarkably good relative to what is happening elsewhere in the world. The headline u/e rate is up to 5.8%. Since July last year we’ve lost about 160,000 full time jobs, but part time jobs are up about 127,000. Of course we need to create jobs to stop the unemployment rate from rising,…