https://www.afr.com/news/economy/gdp-growth-1-8pc-lowest-since-2009-20190604-p51uj4 Reiterating from previous blogs, economic growth is generally considered an important measure of an economy’s performance – measured through the changes in GDP levels. Thus, sources that impact economic growth in Australia’s include; Government policies Consumption Economic conditions As stated in the article linked aboves, Australia’s most recent figures have shown Australia’s economy grew by 0.4% GDP, which has pulled annual GDP growth rates … Continue reading The economy faces ‘real challenges’

https://theconversation.com/cutting-interest-rates-is-just-the-start-its-about-to-become-much-much-easier-to-borrow-117500 Economic growth tends to fluctuate in the long-term of the business cycle. Hence, when there is low aggregate demand this leads to slow economic growth. The RBA may choose to intervene by lowering interest rates to stimulate economic growth and employment. This is because lowered interest rates gives a smaller return on savings, and the fall would reduce mortgage repayments, leave more disposable income, … Continue reading Cutting interest rates it just the start, it’s about to become much, much easier to borrow

https://www.smh.com.au/business/the-economy/australia-has-joined-the-go-slow-club-and-that-s-ok-20190508-p51lbu.html written by Jessica Irvine Blog post written: 11.05.2019 An economy’s economic growth creates jobs, enables individuals to increase their consumption, as well as increasing the national living standards. Hence, pursuing economic growth plays a major part in government policies. Australia’s is the only country among developed economies who has had a period of uninterrupted economic growth since 1991. With the resilience of Australia’s economy … Continue reading Australia has joined the ‘go slow’ club and that’s OK

https://www.abc.net.au/news/2019-04-24/inflation-rate-of-zero-not-as-good-as-it-sounds/11043100 by Stephen Long Blog post written: 26.04.2019 Inflation is a sustained increase in the general level of prices in an economy over time. It is the opposite of deflation where there is a sustained decline in the general price level over time. For the government to achieve the goal of price stability, inflation must be kept at or near zero.  Inflation plays an important … Continue reading Inflation rate of zero not as good as it sounds

https://www.abc.net.au/7.30/underemployment,-the-hidden-side-of-australias/11075090 Video uploaded 02.05.2019 Blog written: 05.05.2019 Unemployment is the result in the opportunity cost of lost production, which also increased social welfare payments and a loss of taxation revenue for the government. Hence, it is one of the most important challenges that faces an economy. Fortunately, for Australia’s the unemployment rate is sitting at 5%, which many developed countries would believe is ideal. However, … Continue reading Underemployment, the hidden side of Australia’s job crisis