Australian Economy

The Australian economy set a world record in March 2017. Recession free for nearly 26 years. Around the same time, Australian households also established a record…the most indebted in the world.

The Australian economy was a major beneficiary of China’s decades long economic transformation. Chinese demand for resources led to a mining boom that peaked in mid-2012.

When the mining boom collapsed, the Australian economy was thrown a lifeline by the RBA…in the form of ever lower interest rates. Australians were encouraged to borrow to keep GDP growth positive.

While this has worked to an extent, it’s also lead to Sydney and Melbourne property markets becoming amongst the most expensive in the world.

Australian Economy News, as it comes

In Markets & Money we work to connect the dots on the Australian economy to give you a clear picture. And part of that picture is connecting record economic growth with record debt, and record home prices.

 

Related:
pension fund crisis
Right Prediction…Wrong Headline…Shorter Timeframe
‘It’s tough to make predictions, especially about the future.’ – Yogi Berra When you’re in the predicting business, you really do appreciate the irony in that quote. However, there are times when some predictions are far easier to make than …
Central bankers
Which Central Banker Snaps First?
Most things you can learn from economics are wrong. Figuring out why they’re wrong has plenty of value though. It allows you to predict things that others don’t see. The neutrality of money is a great example. Most people who’ve …
financial crisis news on a newspaper page. numeral signs
An Inconvenient Truth
The inconvenient truth for most people is that the lifestyle they’ve been led to believe they’re entitled to has been a lie.