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The Daily Aus
Is Australia’s economy still struggling?
Apr 29, 2024
Chief Economist Greg Jericho discusses Australia's economy, focusing on inflation, HECS debt, and budget clues. Topics include rising rent costs, student debt challenges, inflation factors, and political considerations.
18:14
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Quick takeaways
- Rising costs outpacing income growth pose challenges for Australians.
- Debt burden from Hex system contradicts original purpose, creating financial strain for graduates.
Deep dives
Economic Health Check with Greg Jericho
Unemployment levels in Australia are currently at 3.8%, a surprisingly low rate. Inflation stands at 3.6%, showing a slower increase compared to previous years. Despite this, the overall state of the economy, as indicated by the GDP figures, is not performing well. Rising costs of essential items like rental prices are outpacing income growth, leading to challenges for many Australians.
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