If GDP per person falls again in the June quarter, Australia would enter a ‘per capita’ recession – signalling the average Australian is going backwards.
Articles on Gross Domestic Product
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Supporters of the “degrowth” movement say that capitalism and consumerism have run their course.
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.
Partisan bias doesn’t stop with voters. When Republicans hold the White House, Republican economists consistently overshoot on growth forecasts.
The economy is starting to turn the corner, as consumer confidence returns.
The economy grew more slowly than expected in the March quarter, as extreme weather and a slowdown in government spending dampened growth.
Nigeria revised the way inflation is measured but many Nigerians still feel that the cost of living remains high.
Mali aims to increase its stake in mining projects and strengthen control over its natural resources.
Any mention of the ‘R’ word can trigger anxiety. But not all definitions of recession are the same, and not being in one doesn’t necessarily mean people aren’t feeling economic pain.
Can the Sustainable Development Goals (SDGs) help replace traditional growth measures like GDP?
The best measure of living standards – real household disposable income per capita – has been going backwards for two years. It’s the biggest dive in living standards in half a century.
One set of ideas runs counter to the mainstream consensus that technology will save us from climate change. Can degrowth ever win enough converts to persuade humanity to change course?
Nigeria’s new marine and blue economy ministry has promise but it must be well run.
Workplace absences, along with sales lost due to the cessation of brick-and-mortar retail shopping, airline travel and public gatherings, contributed the most.
The numbers seem to be going in the ‘right’ direction for the Fed to pull off a soft landing – and avoid a recession – but the picture remains murky.
What does Karl Marx have to say about climate change? Quite a lot, according to a new book.
Victoria’s real gross state product has grown by 5.6%, while New South Wales has fallen to 1.8%.
The US economy shrank for a second straight quarter. While some call that a recession or a strong sign of one, a financial economist explains why the term probably doesn’t yet apply.
Most of the gains went to the richest Americans, but almost everyone saw an improvement in terms of net wealth.
Top contributors
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Associate Professor, School of Economics, University of Sydney
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Associate Professor of Finance, Mississippi State University
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Senior lecturer, Canberra School of Government, University of Canberra
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Scientia Professor of Economics, UNSW
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Professor of Economics, Wellesley College
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Senior Lecturer, Department of Food Business and Development, and Deputy Director of the Centre for Sustainable Livelihoods, University College Cork
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Professor of Earth System Science, UCL
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Distinguished Professor, DST-NRF Centre of Excellence in Human Development, University of the Witwatersrand
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Distinguished Professor of Transitions of Economy and Society, Utrecht University
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Research Associate, University of Bradford
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Reader of Public Policy, University of Warwick
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Lecturer, Brandenburg University of Technology Cottbus-Senftenberg
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Researcher in Ecological Economics, Lund University
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Director, Centre of Policy Studies, Victoria University