The real question in the minds of many economists is what the trend in inflation will be going forward, and when interest rates will begin to fall and bring relief to Canadians.
While young voters say they would be more likely to vote for Biden after they learn more about the economy and other topics, they did not appear affected by Donald Trump’s norm-defying behavior.
Peter Martin, Crawford School of Public Policy, Australian National University
The Conversation’s expert panel expects inflation to continue to fall, but more gradually, and it expects the RBA to be slow in responding. Unemployment should climb and economic growth weaken.
In our first podcast of 2024, Shadow Treasurer Angus Taylor discusses the tax broken promise, where the economy is heading, falling inflation, and more.
Supermarket pricing is a big story but let’s forget the media coverage, the politician sound bytes and the corporate PR for a moment. What are ordinary Australians saying about supermarket pricing?
Peter Martin, Crawford School of Public Policy, Australian National University
Per person, we’re spending less this year – even on this year’s much hyped Black Friday sales. If that continues over summer and inflation stays low, a rate hike in February 2024 looks unlikely.
The UK, eurozone and US inflation stories have diverged, which means each economy is now fighting a distinct battle with prices rises, which could require very different weapons.