Australia’s economy has turned a corner. America’s is heading off a cliff.

Australia’s per capita recession is over, but the United States economy could be in for much worse.

On this episode of Dollars & Sense, Greg and Elinor discuss the end of Australia’s per capita recession, why the humble chickpea deserves some of the credit, and why DOGE is looking like a disaster for the American economy.

This discussion was recorded on Thursday 6 March 2025 and things may have changed since recording.

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Host: Greg Jericho, Chief Economist, the Australia Institute and Centre for Future Work // @grogsgamut

Host: Elinor Johnston-Leek, Senior Content Producer, the Australia Institute // @elinorjohnstonleek

Show notes:

‘The Reserve Bank should be looking at these numbers and wondering why it waited until February to act’ by Greg Jericho, Guardian Australia (March 2025)

Briefing Paper: Restoring public sector capability through investment in public service employees by Lisa Heap, the Australia Institute (February 2025)

“A drowning memory”: the Pacific Island communities fighting for their survival, Follow the Money, the Australia Institute (March 2025)

After America, the Australia Institute

Theme music: Blue Dot Sessions

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