Near-zero economic growth is a good sign of how bad things are, says Greg Jericho.
After multiple interest rate increases in recent years, it’s the economy – not inflation – that’s slowing, with the latest figures showing that the Australian economy grew just 0.1 per cent in the last quarter. So why is gross domestic product (GDP) growth so hard to come by at the moment? On this episode of Dollars & Sense, Greg Jericho discusses Australia’s fragile economy and how governments – and the Reserve Bank – can respond.
Greg Jericho is Chief Economist at the Australia Institute and the Centre for Future Work and popular columnist of Grogonomics with Guardian Australia. Each week on Dollars & Sense, Greg dives into the latest economic figures to explain what they can tell us about what’s happening in the economy, how it will impact you and where things are headed.
australiainstitute.org.au // @theausinstitute
Host: Greg Jericho, Chief Economist, the Australia Institute and Centre for Future Work // @GrogsGamut
Producer: Jennifer Macey // @jennifermacey
Theme music: Blue Dot Sessions
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