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What Australia's rising economic misery means for you
Published 1 day, 5 hours ago
Description
New analysis shows economic misery is being driven by higher prices and interest rates. So what's in store for Australia?
Economic misery in Australia is on the march. New analysis from the Committee for Economic Development of Australia (CEDA) has found it's back near its post-pandemic highs, and is expected to stay well above recent historical averages until at least the end of 2028.
In this episode:
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Economic misery in Australia is on the march. New analysis from the Committee for Economic Development of Australia (CEDA) has found it's back near its post-pandemic highs, and is expected to stay well above recent historical averages until at least the end of 2028.
In this episode:
- Jim Chalmers at the G20 economic summit talking about a set of grim financial forecasts.
- The IMF's latest World Economic Outlook on Australia's inflation rate.
- Commbank CEO Matt Comyn on house prices are likely only halfway through their downward spiral.
- What is the misery index and how is it calculated?
- Is Australia expected to see an increase in the jobless rate next year?
- Does Australia need to rely on productivity on decades to come?
Listen to more episodes of SBS News in Depth, and follow the show on the SBS Audio app, Apple Podcasts, Spotify or wherever you get your podcasts.
For the latest news from Australia and around the world, visit SBS News and follow us on YouTube, TikTok, Instagram, Facebook and X.