ive never ever thought Aus economy would suffer'just spend more on exporting minerals and all else
good for bthem
Suddenly Australia's economy is looking good
Academic rigour, journalistic flair
Six months ago the forecasting team assembled by The Conversation was predicting economic Armageddon – a second straight year of continuous recession.
This morning the same
forecasting team is optimistic. Instead of collapsing a further 4.6% as expected in July, the Australian economy is expected to grow a respectable 3.2% in 2021.
House prices, the share market and consumer spending are expected to climb and while the unemployment rate might not fall, in the view of most of the panel, it’ll get no worse.
The bad news, along with lacklustre business investment, is an earlier-than-signalled rise in interest rates. Most of the panel expect an increase before the end of next year, earlier than the three years the Reserve Bank suggested it would wait.
The Reserve Bank governor himself will set out his thinking at the National Press Club on Wednesday.
Before that, today at the Press Club, Prime Minister Scott Morrison will set out his priorities one day ahead of the opening of parliament on Tuesday.
Things are getting under way.
Peter Martin
Section Editor, Business and Economy
Today's newsletter supported by
Pawsey Supercomputing Centre
Wes Mountain/The Conversation
A little ray of sunshine as 2021 economic survey points to brighter times ahead
Peter Martin, Crawford School of Public Policy, Australian National University
The Conversation's panel expects a rate hike by the end of 2022.
Richard Wainwright/AAP Image
Perth’s 5-day ‘circuit-breaker’ lockdown isn’t an overreaction to a single case — it’s basic common sense
Erin Smith, Edith Cowan University
Perth and surrounds will spend the next five days in lockdown, as authorities scramble to prevent a single case – a quarantine hotel security worker – from escalating into a full-blown COVID cluster.
Mick Tsikas/AAP
Morrison to announce $1.9 billion for vaccine rollout, as Coalition and Labor level in Newspoll
Michelle Grattan, University of Canberra
Scott Morrison on Monday will announce a $1.9 billion initial investment in the massive vaccine rollout which is due to start in late February.
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Apes, robots and men: the life and death of the first space chimp
Alice Gorman, Flinders University
The strange journey of Ham the chimpanzee from a rainforest in Cameroon to the edge of space.
Shutterstock.com
We analysed almost 500,000 police reports of domestic violence. Mental health was an issue
George Karystianis, UNSW; Tony Butler, UNSW
We discovered many more mental health issues were recorded for both victims and perpetrators of domestic violence than we thought. Now it's time to use our findings to improve public safety.
Shutterstock
Remote learning didn’t affect most NSW primary students in our study academically. But well-being suffered
Jenny Gore, University of Newcastle; Andrew Miller, University of Newcastle; Jess Harris, University of Newcastle; Leanne Fray, University of Newcastle
We compared the educational progress in years 3 and 4 in 2019 with 2020 – the year normal schooling was disrupted by the pandemic. Overall, students progressed at the same rate in both years.
Health + Medicine