News: economy
SA economic recovery to continue despite cost of living crisis
South Australia’s economic recovery is set to continue despite inflation and rising interest rates putting increased strain on household budgets. Aggregate spending within the state has grown strongly over the past year in response to strong growth in household consumption and public consumption spending, and a solid, though lockdown-interrupted, rise in dwelling investment. But with household and public sector consumption expected to weaken, the State’s export performance will need to improve to compensate.
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Should Australia join the emerging club of carbon trading nations?
Australia’s exports risk being hit with environmental charges if it doesn’t move quickly in the face of trade mechanisms being considered by climate-progressive nations as they seek to prevent the leakage of jobs and investment to climate laggard nations.
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SA economic recovery to continue but reopening no guarantee of economic windfall
South Australia’s economic recovery is expected to continue well into the new year. Recent strong growth in business investment, a backlog of construction work, and reopening of borders will support the ongoing recovery. But the economic benefits of reopening will be diminished to the extent that it leads to fresh COVID outbreaks and voluntary social distancing.
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Artificial intelligence revolution offers benefits and challenges
Australia could once again have a globally competitive manufacturing sector by using automation driven by artificial intelligence (AI). That’s the view of ³ÉÈË´óƬ researchers who are aiming to play a major role in the development of AI which is poised to reshape the global economy, bringing challenges and opportunities.
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China tariffs will hinder SA economic recovery
³ÉÈË´óƬ economists expect the South Australian economy will continue to bounce back in 2020/21. However, economic recovery will be weaker than previously thought as a consequence of China’s decision to escalate its trade war with Australia, the outbreak of a second COVID-19 wave in the northern hemisphere, and South Australia’s own mini lockdown in November.
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Scholarships invest in state and nation’s future leaders
In a once-only opportunity, 200 scholarships are available to assist future leaders to develop their expertise and to upskill by undertaking the ³ÉÈË´óƬ’s MBA (Emerging Leaders) program.
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SA economy will take years to recover from COVID-19
It will take years for the national and South Australian economies to return to full output and employment following the COVID-19 pandemic.
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Shining a light on the Gig economy
Almost two thirds of Australians routinely rely on online platforms such as Uber or Airtasker to buy goods and services, according to new research commissioned by the Victorian Government.
Slower economic growth predicted for 2019/20
South Australian economic growth will be much slower in 2019/20 as a consequence of the slowdown in the national economy becoming entrenched and the global economy losing further momentum, according to ³ÉÈË´óƬ economists.
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Land tax debate: wholesale reform needed
A new report from ³ÉÈË´óƬ economists argues that the South Australian Government should consider wholesale reform to land tax.
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