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 Economics of International MobilityAustralian Society and Politics, Economic Video, The Arts, The Australian Economy | 12th August 2021
Virtual presentation to the Australian Performing Arts Market ‘Gathering’ on 12th August 2021, looking at trends in (and consequences) of international mobility of goods and services, capital and people, both pre- and post-Covid, and the consequences of Covid for the performing arts. Scroll down to view the recording.
The effective rate of unemploymentLabour Market, The Australian Economy | 11th August 2021
A submission to the Senate Select Committee on Job Security, examining the difference between the unemployment rate as published (in accordance with long-standing international statistical conventions) by the Australian Bureau of Statistics, and alternative measures which take account of some of the ways in which Covid-19 (and the restrictions imposed in response to it) have […]
Bursting the Housing BubbleAustralian Society and Politics, Economic Policies, Housing, The Australian Economy | 3rd August 2021
Podcast of a discussion with Janet Ge, Associate Professor in the School of Built Environment at University of Technology, Sydney and Matt Grudnoff of the Australia Institute, a think tank, hosted by Toby Hemmings of Think: Business Futures, focussing on the consequences of and reasons for the continued escalation of Australian residential property prices.
The Economics of ImmigrationAustralian Society and Politics, News, The Australian Economy | 3rd August 2021
Talk to the Sydney Institute, 3rd August 2021. The margin by which Australia’s economic growth rate has exceeded the average for all ‘advanced’ economies over the past two decades is almost entirely attributable to Australia’s immigration program. But that’s not the criterion against which it should be judged. Australia’s immigration program has made a small […]
June CPI and the implications of Australia’s vaccination strategyEconomic Policies, News, Publications, Recent Media Interview, The Australian Economy | 29th July 2021
Saul talks to Alan Kohler about this week’s June quarter CPI result and the implications of Australia’s vaccination strategy for our economic performance.
How is the immigration pause affecting Australia’s economy?Australian Society and Politics, Economic Policies, News, Recent Media Interview, The Australian Economy | 22nd July 2021
Saul Eslake talks to ABC Radio National’s Peter Martin and Gigi Foster on their “The Economists” program 22nd July 2021
The Post-Pandemic EconomyThe Australian Economy | 13th July 2021
Address to a luncheon hosted by the South Australian Centre for Economic Studies in Adelaide on 13th July – looking (briefly) at the outlook for the world economy, (in a bit more detail) about the Australian economy’s performance and prospects, and finishing with some commentary on the changes to the way in which GST revenues […]