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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.
Why is Australia’s productivity at a 60-year low? And more importantly, how do we fix it? CEDA recently hosted a Trustee Event in Melbourne in partnership with executive people solutions firm Future Leadership. A key question for guests was ‘What factors help Australian businesses to be more dynamic, and what holds them back?’
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.
Read more Opinion article October 30, 2018With house price falling and auction clearance rates as low as those seen in the GFC, there is some concern of an impending house price collapse. But according to Chris Richardson and Alex Hooper of Deloitte Access Economics, the drop in house prices against the backdrop of a strong economy is good news.
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