Australia has a strong hand. Are we playing it well?
Older, bigger, slower growing, more diverse. Living standards at risk of going backwards. These were the key takeaways from the latest Federal Intergenerational Report (IGR), writes Dr Liz Allen. The intergenerational bargain or contract, which implicitly suggests that the country handed to each subsequent generation is the same, if not better, than the socioeconomic conditions enjoyed previously, has been eroded. Increasing or maintaining living standards can no longer be guaranteed. Australia’s dumb luck has run out.
With the COVID-19 pandemic now in the rearview mirror, Australia is turning to the future. As we look ahead, the long-run forces shaping our economy – climate change, technological disruption and demographic shifts – all present major challenges as well as opportunities, writes Senior Economist Melissa Wilson.
Read more Opinion article October 24, 2022Next week’s mini-Budget must be the blueprint Australia did not get in the pre-election frenzy of the Morrison Government’s dying days. To reset expectations and fight inflation, the Albanese Government’s first budget must show restraint in the face of calls for poorly targeted cost-of-living relief. It must also limit any new spending to measures that will actually grow capacity in the economy, writes CEDA Chief Economist Jarrod Ball.
Read more Opinion article December 19, 2021A recent CEDA survey of 41 chief financial officers from big Australian businesses found that more than 60 per cent of the firms surveyed are planning to increase their capital expenditure in the next 12 months, writes CEDA Chief Economist Jarrod Ball.
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