The growth figures for June beat expectations – helped in part by record EV sales. But on a per-person basis, the economy is not doing so well.
Articles on GDP
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Confronted by higher prices for everyday products, US households are spending more in total.
If GDP per person falls again in the June quarter, Australia would enter a ‘per capita’ recession – signalling the average Australian is going backwards.
Even under its worst-case scenario, the government says growth will slow but not stall.
Supporters of the “degrowth” movement say that capitalism and consumerism have run their course.
The days of rapid economic growth are long gone. New analysis helps explain what has changed.
When countries expand their military budgets or enter into conflict, the costs go far beyond equipment and munitions.
Economic activity is still solid for now – but these are the risks ahead.
Data on pain can tell us a lot about about a the wellbeing of a country’s citizens.
The lessons learned from this crisis must extend beyond Senegal and lead to greater debt transparency and banking supervision in the region.
Both private-sector and government spending contributed to the fastest GDP growth since 2022. Yet it’s still well below the growth Australians saw in the past.
If growth is the metric that counts, this is not yet the turning point that will deliver rising living standards and jobs for all.
Nigeria needs a radical shift in its economic policy approach. Macroeconomic stability won’t automatically create jobs and alleviate poverty.
The illicit market has reached the point where it is significantly distorting the national accounts.
Households are spending more on essential goods rather than discretionary items.
The state breakdown shows growth in the services sector helped to offset weakness in mining and manufacturing.
Traditional economics can’t respond to global crises like inequality and climate change.
A fast drop in coal use played a big role, but there was more, as these charts show.
A new economic update shows it’s more important than ever to think carefully about what progress means.
Uncertainty, a stumbling labor market and major structural problems are all weighing down the economy. And Fed rate cuts may not help much.
Top contributors
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Scientia Professor of Economics, UNSW
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Senior lecturer, Canberra School of Government, University of Canberra
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Professorial Fellow, University of Canberra
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Founding Director, Institute for Sustainability, University of Surrey
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Professor of Economics, University of Canberra
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Professor of Economics & Business, Allegheny College
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Dean of Business School, University of Southern Queensland
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Director, Centre of Policy Studies, Victoria University
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Associate Professor, School of Economics, University of Sydney
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Emeritus Professor of Economics (Griffith University) and Teaching Associate (University of Queensland), Griffith University
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Director and Professor, Australia-China Relations Institute (UTS:ACRI), University of Technology Sydney
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Associate Professor in International Macroeconomics, Cambridge Judge Business School
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Lecturer in Economics, University of the Witwatersrand
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Professor, School of Economics, The University of Queensland