Australia’s “pathetic” growth figures show that the Reserve Bank went too hard with interest rate increases, says Greg Jericho.
On this episode of Dollars & Sense, Greg and Elinor discuss the latest GDP growth figures, how rate increases have damaged the economy and what might come next.
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
Host: Elinor Johnston-Leek, Senior Content Producer, the Australia Institute // @ElinorJ_L
Show notes:
‘Now the Australian economy is on its knees, will the RBA finally start cutting interest rates?’ by Greg Jericho, Guardian Australia (September 2024)
Public spending keeps the economy going as the private sector is hit by rate rises by Matt Grudnoff, The Australia Institute (September 2024)
Theme music: Blue Dot Sessions
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