Dollars & Sense The Australia Institute

Near-zero economic growth is a good sign of how bad things are, says Greg Jericho.

Inflation isn’t falling as fast as most economists want, but a rate rise now would do more harm than good, says Greg Jericho.

With interest rates refusing to fall below three per cent, some analysts are making dire assessments of the Australia economy. But while so-called ‘sticky’ inflation isn’t great, it’s better than risking a huge drop in demand and a deep recession, according to Greg Jericho. On this episode, Greg examines why inflation is refusing to budge and what policymakers can do about it.

Greg Jericho is Chief Economist at the Australia Institute and the Centre for Future Work and popular columnist of Grogonomics with Guardian Australia. Each week on Dollars & Sense, Greg dives into the latest economic figures to explain what they can tell us about what’s happening in the economy, how it will impact you and where things are headed.

australiainstitute.org.au // @theausinstitute

Host: Greg Jericho, Chief Economist, the Australia Institute and Centre for Future Work // @GrogsGamut

Producer: Jennifer Macey // @jennifermacey

Theme music: Blue Dot Sessions

We’d love to hear your feedback on this series, so send in your questions, comments or suggestions for future episodes to podcasts@australiainstitute.org.au.
Support Dollars & Sense: https://nb.australiainstitute.org.au/donate
See omnystudio.com/listener for privacy information.

According to the Productivity Commission, wealth inequality declined during the COVID years due to boosted government support payments. And when those payments finished, predictably inequality went back up.

The overwhelming majority of gains from economic growth since the GFC have gone to the wealthiest people. On this episode, Greg Jericho discusses inequality, poverty, and government support.

Greg Jericho is Chief Economist at the Australia Institute and the Centre for Future Work and popular columnist of Grogonomics with Guardian Australia. Each week on Dollars & Sense, Greg dives into the latest economic figures to explain what they can tell us about what’s happening in the economy, how it will impact you and where things are headed.

australiainstitute.org.au // @theausinstitute

Host: Greg Jericho, Chief Economist, the Australia Institute and Centre for Future Work // @GrogsGamut

Producer: Jennifer Macey // @jennifermacey

Theme music: Blue Dot Sessions

We’d love to hear your feedback on this series, so send in your questions, comments or suggestions for future episodes to podcasts@australiainstitute.org.au.
Support Dollars & Sense: https://nb.australiainstitute.org.au/donate
See omnystudio.com/listener for privacy information.

The pandemic and runaway inflation reversed more than a decade of progress on living standards in just two years – and it’s going to be a long wait for them to inch back, says Greg Jericho.

Economists calling for a ‘short recession’ is like calling for a ‘small war’ knowing you’ll never be on the frontlines, says Greg Jericho.

Budgets are about choices – and successive governments have chosen to punish jobseekers, says Greg Jericho.