ECONOMIC DEVELOPMENT – AUSTRALIA

Prosperity more at risk than politicians admit

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Original article by Jacob Greber
The Australian Financial Review – Page: 5 : 30-Jun-15

Australia’s economic growth may be headed for a "new normal" of 2.75 per cent or three per cent, according to former Treasury secretary Martin Parkinson. Speaking at a leadership forum in Canberra, Parkinson cast doubt on predictions that growth would rebound to its long-term average of 3.5 per cent. Grattan Institute CEO John Daley backed Parkinson, saying the Federal Government was assuming "an awful lot of things" will go right in its rosy predictions.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, GRATTAN INSTITUTE, INTERNATIONAL MONETARY FUND, AUSTRALIAN LABOR PARTY, RESERVE BANK OF AUSTRALIA

Education may stop backslide

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Original article by Jacob Greber
The Australian Financial Review – Page: 3 : 11-Feb-15

Australia currently boasts the world’s 19-largest economy, but a PwC report says the nation risks falling to 29th place by 2050. PwC Australia economist Jeremy Thorpe stresses the need for greater emphasis on education and training in order to maintain Australia’s status as one of the world’s 20 largest economies. He says the science, technology, engineering and mathematics disciplines should be a particular focus

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PRICEWATERHOUSECOOPERS, GROUP OF TWENTY (G-20), GROUP OF THIRTY (G-30), GROUP OF SEVEN (G-7), NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, RESERVE BANK OF AUSTRALIA

WA leading a three-tier economy

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Original article by Stephen Cauchi
The Age – Page: 26 : 22-Jul-14

CommSec’s latest "State of the States" report shows that Western Australia boasts the strongest economy among the states, followed by the Northern Territory and New South Wales. The Queensland, Victorian and Australian Capital Territory economies are performing roughly in line with each other, while the South Australian and Tasmanian economies are lagging

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COMMONWEALTH SECURITIES LIMITED, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA. DEPT OF THE TREASURY, MELBOURNE ECONOMIC FORUM

A fresh take on what we’re calling a crisis

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Original article by Laura Tingle
The Australian Financial Review – Page: 10 : 24-Jun-14

Forecasts of economic crisis after the investment phase of the mining boom could prove ill-founded, and the boom could prove less significant than thought. Reserve Bank of Australia board member John Edwards claims that other forces have often surmounted the impact of higher commodity prices on the domestic economy. Edwards notes that output grew faster in the decade preceding the resources boom than it has in the aftermath. He adds that rather than being complacent, Australians have been saving, investing, learning and working more

CORPORATES
RESERVE BANK OF AUSTRALIA, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. PARLIAMENTARY BUDGET OFFICE, AUSTRALIAN LABOR PARTY