Economics

25 years ago the Australian government promised deep emissions cuts, and yet here we still are

Marc Hudson, University of Manchester A divided government firmly on the back foot ahead of a major climate conference, its green credentials shaky, and riven with bubbling tensions between those who want serious climate action and those resistant to it. Sound familiar? But the government I’m describing is not today’s version, but Bob Hawke’s federal…

Growing our services industry will be the main gain from the TPP

Amy Auster, Australian Centre for Financial Studies  Just as surely as day follows night, the Australian media have broken the announcement of a trade deal with yet another series of Australian food selfies. Cows on the paddock, cheese on the plate and – for those prone to scepticism or pure scaremongering – sugar spilling away. All…

Managing across generations will deliver more productive workplaces

  Martin Klaffke, University of Technology Sydney and Robyn Johns, University of Technology Sydney Generation Y workers are “more demanding”. Generation Z workers want “more flexibility, autonomy and recognition”. And both groups want to be “creative”. Should managers worry about these increasingly accepted trends in the multi-generational workforce? The answer is yes, and lies in…

Managing across generations will deliver more productive workplaces

Martin Klaffke, University of Technology Sydney and Robyn Johns, University of Technology Sydney Generation Y workers are “more demanding”. Generation Z workers want “more flexibility, autonomy and recognition”. And both groups want to be “creative”. Should managers worry about these increasingly accepted trends in the multi-generational workforce? The answer is yes, and lies in demographic…

Broadband is the key infrastructure for the 21st century

Earlier this month, the US Broadband Opportunity Council declared that broadband is “taking its place alongside water, sewer and electricity as essential infrastructure for communities”. Descriptors like “very fast” (Australia), “superfast” (UK), “ultra-fast” (New Zealand) or “ultra-high speed” (Singapore) reinforce the message that speed is an essential component of good broadband. But what would a genuinely 21st…

Australia must prepare for massive job losses due to automation

David Tuffley, Griffith University Australia faces some tough policy decisions to reshape its economy and prepare for an uncertain future, with predictions that up to five million jobs are likely to be automated by 2030, according to Australia’s Future Workforce report released today by the Committee for Economic Development of Australia (CEDA). The researchers were…

Investor Signposts: Week Beginning June 7 2015

 Savanth Sebastian, Economist, CommSec Australia Tuesday June 9 – Job advertisements (May) – Job ads continue to lift modestly Tuesday June 9 – Housing finance (April) – Loans for owner occupiers may have fallen by 3% Tuesday June 9 – NAB Business survey (May) – Expect confidence levels to lift Wednesday June 10 – Consumer…

Stronger, broad-based economic growth

Savanth Sebastian, Economist, CommSec National accounts – Firmer growth: The Australian economy grew by 0.9 per cent in the March quarter after a 0.5 per cent increase in the December quarter. Forecasts had centred on 0.7 per cent growth in the economy. The economy hasn’t experienced a recession for over 23 years. – Contribution to…

The RBA’s implicit easing bias isn’t enough for the aussie

By Chris Tedder, Research Analyst, Forex.com The Reserve Bank of Australia (RBA) left the official cash rate on hold at 2.00% as expected, while retaining its implicit easing bias. The bank noted that Australia’s uncertain and somewhat bleak economic outlook requires accommodative monetary policy, especially considering the RBA isn’t getting much help from the fiscal…

Reserve Bank mulls the next move

Craig James – Chief Economist (Author) – The cash rate has been left at a record low of 2.00 per cent. The Reserve Bank hasn’t provided any guidance on future interest rate changes. What does it all mean? – We are now at an interesting juncture. Nine economists believe that the Reserve Bank will cut…