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EVENT OVERVIEW

Australia has experienced an uninterrupted expansion of GDP for the last two decades, during which nominal wealth has quadrupled, real GDP has doubled, and both GDP per head and employment have increased more than half as much again. (Dr John Edwards for CEDA, Australia 2022, 2012).

Recent reports have highlighted cost of living pressures on households suggesting that Australians pay among the highest prices on clothing, public transport, medicine and consumables in the world.

The 2013 Economist Intelligence Unit's Worldwide Cost of Living survey, ranked Sydney and Melbourne as the equal third and fourth most expensive cities in the world to live in - a stark difference to the 2004 survey where both cities were outside the top ten (Sydney, 14th and Melbourne, 18th).

Strong economic growth is driven, in part, by robust consumer and business confidence. With a downturn in sentiment, policy makers need to acknowledge the challenges facing the Australian economy and its ability to compete.

Recognising the current economic climate, CEDA brings together leading thinkers and commentators to address:

• Better policy making - explicit and transparent evidence on cost of new policies and who bares cost increases;
• Disconnect between household savings increase and consumer spending - fact or fiction?;
• Insights-based consumer trends and sentiment; and
• The importance of confidence and attitude - why Australian households need to have a sense of control for mass economic growth.

MEET THE SPEAKERS

Bernard Salt
Partner, KPMG; Author and Columnist

Tjeerd Jegen
Managing Director, Australian Supermarkets and Petrol
Woolworths

Major Paul Moulds
Territorial Mission and Resource Director - Social
Salvation Army

Tim Nelson
Head of Economics, Policy and Sustainability
AGL Energy

Supported by CEDA member Woolworths.

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