Unconventional Economist

Victoria’s net debt was only $22.3 billion when the Labor government delivered its inaugural state budget in 2015.

Australia’s recent productivity growth has been among the worst in the advanced world, as illustrated below by Justin Fabo from Antipodean Macro.

Throughout last year, CBA published data showing that older Australians had increased their spending significantly above inflation, whereas younger Australians had cut back hard on spending.

The Q1 national accounts, released earlier this month, showed that the private sector economy remains locked in recession. Australia’s per capita GDP declined by 0.2% over the quarter, the ninth decline in 12 quarters. It was also the longest (but not deepest) decline in GDP per capita in modern recorded history.

By Harry Ottley, Economist at CBA TheAustralian unemployment rate remained steady at 4.1% in May.

Cotality’s preliminary auction report revealed that the national clearance rate was 73.9% this weekend, which is the highest preliminary result since July 2024.

In this MacroBusiness podcast, Gunnamatta, banking insider Deep T, and Leith van Onselen unpack the latest productivity summit, Australia’s broken economic model, Australia’s energy policy failures, and other issues.