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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Episode guests

Greg Jericho

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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.

Intro

2min

Diplomatic talks, sports appointments, and economic insights

2min

Assessment of Australia's Economy

3min

Challenges Faced by Young Australians with Rent Prices and Student Debt

6min

Analysis of Inflation Factors, Solutions, and Political Considerations in Australia's Economy

5min

With the federal budget just over two weeks away, the economy is set to come roaring back into focus on your newsfeed. So, we thought we'd get you up to speed well in advance. How are we going with inflation and the cost of living? What should you expect from HECS and HELP debt indexation this year? And what early clues do we have about this year's budget?

Today on the podcast, we speak to the Australia Institute and the Centre for Future Work’s Chief Economist, Greg Jericho, to take a temperature check of the economy.

Hosts: Zara Seidler and Sam Koslowski
Guest: Greg Jericho, Chief Economist at the Australia Institute and the Centre for Future Work
Audio producer: Emmeline Peterson

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The Daily Aus

Is Australia’s economy still struggling?

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Economic Health Check with Greg Jericho

Challenges Facing Young Australians in Economic System

Expectations for Economic Policies and Budget

Remember Everything You Learn from Podcasts