Category: Peter Martin
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Money might be nearly gone in Australia in a decade – however like cheques, who’ll miss it?
Late final yr, the Reserve Financial institution gave 1000 Australians diaries and requested them to file each fee they remodeled the course of per week. Of the 13,000 funds, solely 17 had been with cheques. It has been an astounding collapse. Again in 1980 in the beginning of the bank card period, 85 per cent of…
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Price hikes, tumbling inflation, excessive probability of recession: How our forecasting panel sees 2023-24
Of the 27 main economists assembled by The Dialog to forecast the monetary yr that has simply begun, each one expects inflation to proceed to fall. The official quarterly measure of inflation peaked at 7.8 per cent within the yr to December and is now 7 per cent, and the newer month-to-month measure peaked at…
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Don’t blame employees for falling productiveness – we’re not those holding it again
All of a sudden Australians are being advised we have to produce extra if we would like our wages to merely sustain with inflation. Reserve Financial institution governor Philip Lowe has begun referring to “productiveness” in every assertion he makes after each Reserve Financial institution board assembly. Whereas up to now he has solely mentioned…