The Dismal Science The Australian Institute of Company Directors
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- News
Join the AICD’s Chief Economist Mark Thirlwell and Head of Content Ivan Ah Sam for this weekly deep dive into all the economic news. From interest rates to trade wars and everything in between, we have you covered. Stay up-to-date on the economic forces shaping the world.
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190 - A Cook's tour
A Cook's tour of the global economy: we take in the European malaise, the Trump spectre over the US, the China shock 2.0, and a resurgence in migration.
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189 - Not out of the woods
Inflation remains stubborn in Australia, running hotter in the March quarter than economists expected. Is there now a chance that the next rate move might be up again rather than down? Plus, a slight softening in the jobs market and just how much does negative gearing impact property prices?
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Industrial chic
Industrial policy is making a comeback globally and Australia wants in on the action. Boosting supply chain resilience, accelerating the net zero transition, and mitigating geostrategic risk are touted as key benefits. But does it stack up economically? Plus, new stricter merger rules and more mixed confidence results.
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Lost in the supermarket
A review into the supermarket code of conduct landed this week, raising fresh questions about competition. Can we raise prices for suppliers, while also lowering prices for consumers? Would increasing competition lead to more innovation? Or has the supermarket experience improved despite the lack of competition? Plus, strong US jobs numbers and an infleciton point in the AICD's Director Sentiment Index.
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Statistical error
Questioning the official labour market data used to be the preserve of conspiracy theorists, but the surveys across the globe have been plagued by problems recently. Can we continue to trust these key economic indicators? Plus, dovish noises from the Reserve Bank on interest rates, as inflation continues to ease, though house prices march on.
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Productivity puzzle (Live at the AGS)
Live at last week's Australian Governance Summit, we asked what could be done about Australia's languishing productivity: can policy make a difference? Will AI save us? Could it be as simple as building more houses? Plus, a first rate cut might be nearing and an extraordinary plunge in the jobless rate.
Regular listeners will notice some snazzy new cover art this week. Thanks to our fantastic designer Jana Clark and photographer Graham Jepson for the fresh look.