The Big Bash of the debt crisis looks to be over and we are now in the long grind of debt reduction and low growth. But the financial world hasn’t the patience for a five-day Test match.
Economic growth
Possum: it’s time to appreciate Australia’s exceptionalism
Reality check: Australia’s economic performance over the last few decades has been nothing short of astonishing. We are the wealthiest nation in the world, with remarkable growth figures, and it’s time we started to appreciate it, writes Possum Comitatus.
Unemployment up slightly — all eyes on Victoria
Unemployment increased slightly in November, but the main impact was in Victoria and Queensland.
GDP: accept it — the economy is booming
Today’s GDP numbers confirm that the AUstralian economy is in robust health. Without Europe, there’d have been no interest rate cuts, write Glenn Dyer and Bernard Keane.
Gerry Harvey’s bizarre logic: it’s all your fault
Gerry Harvey seems to have a long list of reasons why Harvey Norman is “treading water”, none of them to do with the company. Glenn Dyer and Bernard Keane comment.
The sky isn’t falling: economy chugs away despite disasters
Despite the impact of the summer’s disasters, the economy is still showing signs of growth, write Glenn Dyer and Bernard Keane.
National accounts numbers have us right where the RBA wants
After talk of a recession, the Australian economy grew in the last quarter of 2010, but with no signs of inflation.
We’re approaching boom levels of growth: ABS
The Australian economy is approaching boom-like levels of growth, making a mockery of all those critics on the conservative side of politics and economics.
Political snippets: Labor’s salespeople let it down
How a government presiding over the best growth rate in the developed world could not win an election. It just doesn’t make sense.
The “production of novelty” threatens our survival
Economic growth is supposed to deliver prosperity. Higher incomes should mean better choices. But things haven’t always turned out that way, writes Tim Jackson.
More, not less, equality needed for economic growth
As Australia moves away from the GFC and focuses more on growth, our economic policies need to aim for equality. More equal incomes means a more stable economy, writes Trevor Cook.
Measuring global economic growth — from space!
Scientists have developed a way to estimate a region’s GDP growth by tracking satellite images of the area’s night-time lights — more more lights on means citizens have more cash to spend and consumer goods to power.
Ask the economists: we’re seriously going gangbusters
Crikey asked a varied bunch of leading economists for their views on the latest GDP figures, a rise of 0.6%.
Australia avoids recession: what the pundits say
Yesterday’s confirmation that the Australian economy had avoided a technical recession sent the Rudd government into a fit of giggles, but the commentariat was less enamoured.
Chinese growth to slow, but don’t expect global ruination
Chinese growth is being revised to under 10% next year, but it won’t spark a global or even an Australian recession, writes Glenn Dyer.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
Australian market continues to defy reality
The Australian market has shown amazing strength in recent weeks, almost belligerent to the negative economic sentiments echoing from the US.
