Gareth Hutchens

2 weeks ago | abc.net.au | Gareth Hutchens

What impact will US President Donald Trump's new tariffs have on the global economy? What will they do to inflation and growth in Australia? Economists have scrambled to answer those questions, and they say the chances of interest rate cuts have increased in Australia, because concerns could soon shift to supporting economic growth. Economists say the "direct" impact of President Trump's new tariff regime on Australia's economy will be small.

3 weeks ago | johnmenadue.com | Gareth Hutchens

April 10, 2021         The recession was great for some Australians. Despite the pain of the lockdowns, and nearly a million jobs disappearing, by the end of 2020 Australia’shousehold wealth was surging. According to the Australian Bureau of Statistics (ABS), household wealth skyrocketed by $501 billion in the last three months of last year, which was the strongest quarterly growth since December 2009.

3 weeks ago | johnmenadue.com | Gareth Hutchens

In the lead-up to his Australian visit, the renowned economist warns of the triple threat of rising inequality, the undermining of democracy and climate change. This article was published by The Guardian on the 5th of November 2018. Its a stark message from a Nobel-prize winning economist. We were a very different country 40 years ago, he says. The downhill slide has been pretty fast. America, I think, should be an important warning to other countries not to take for granted their institutions.

3 weeks ago | percapita.org.au | Gareth Hutchens

They’re calling it the “lost decade.”Researchers at the Per Capita think-tank say Australians are still living with the consequences of severe wage stagnation from 2012 to 2022. They say the average yearly wage today is almost $12,000 lower than it would have been if wage growth had kept up with its historical average in that period. They say the wage suppression was so severe that it’s contributing to our current housing crisis.

3 weeks ago | abc.net.au | Gareth Hutchens

They're calling it the "lost decade."Researchers at the Per Capita think-tank say Australians are still living with the consequences of severe wage stagnation from 2012 to 2022. They say the average yearly wage today is almost $12,000 lower than it would have been if wage growth had kept up with its historical average in that period. They say the wage suppression was so severe that it's contributing to our current housing crisis.