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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 May 29, 2022The last two years of the COVID-19 pandemic highlighted the tyranny of distance between the east and west coasts of Australia. Never before has WA seemed to go it so alone from the rest of the nation. It was brought into stark relief when, in contrast to the spirit of a national cabinet and approach, the previous federal government momentarily sided with Clive Palmer’s legal challenge over the closure of the WA border, writes Melinda Cilento in The West Australian.
Read more Opinion article October 26, 2021Western Australia’s economy has reaped rewards from the skills and capabilities built upon the resources sector. Now is the time to leverage these advantages into new sectors and markets, writes CEDA Chief Economist Jarrod Ball and Senior Economist Cassandra Winzar.
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