Australia’s economy

Weekly economic update: Inflation misses again, so where does the RBA go next?
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As with economic growth and wages, the RBA’s response seems to involve crossing as many fingers and toes as possible and publicly proclaiming that things are looking good, writes… Richard Holden, UNSW The disturbing trend of persistently low inflation continues, as Wednesday’s data release shows. Headline inflation was 2.1% for the last 12 months.  But…

Why we don’t need to prepare young people for the ‘future of work’
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Young people are the most vulnerable as industry and the labour market undergo radical change, but meeting this challenge could just be a matter of plugging existing gaps, writes… Shirley Jackson, University of Melbourne While there is little consensus about the “future of work”, one thing is certain – young people are at the coalface….

House prices to fall further, but won't derail the economy
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House prices are likely to fall further according to the ANZ Bank and stall any interest rate movement by the RBA, but this won’t derail Australia’s economic outlook.  A recent report to ANZ’s institutional, professional or wholesale clients suggested that the weakness in Australia’s housing market has persisted longer than they expected.   The bank has revised its…