Eco Stats

GDP Growth

2020: -6%

Now: 1%

20yr Average: 2.6%

Inflation

2020: -0.3%

Now: 3.8%

20yr ave: 2.4%

Unemployment

2020: 7.4%

Now: 4.2%

20yr ave: 5.4%

Exchange rate

2005: 0.8

2008: 0.65

2011: 1.1

Now: 0.66

Cash Rate Target

2020: 0.25%

Now: 4.35%

Wage growth

2020: 1.4%

Now: 4.1%

Budget Balance

2020: -4% of GDP

Now: 1% of GDP

Terms of Trade

2020: 98

Now: 120

CA as % of GDP

2020: 3%

Now: -1.6%

NFL as % of GDP

2016: 65%

Now: 27%

LFPR

2020: 62.2%

Now: 67.2%

Productivity Growth

20 year avg: <2%

Now: 0.9%

WTO

Responsible for $855bn increase in wealth in member nations

world trade volume and value have expanded 4% and 6% respectively on average since 1995,

IMF

While a 10% increase in IMF financing is generally only projected to create an average of 0.15% increase in GDP, for low income countries this figure is closer to between 1.5%-3%

“Countries would need a higher level of inefficient self-insurance, including holding very large amounts of costly international reserves.” El Arian

World Bank

• Seen in Ethiopia

  • 2005-2015

    • Life expectancy from 52 to 65

    • Primary school attendance 4x

    • GDP Grown 10.5%

CO2 emissions

2000: 18.4t per person

2022 15t per person

Gini Coefficient

2020: 0.324

Now: 0.34

NPY

2019: $-13bn

Now: $-22.5bn

BOGS

2019: $14.5bn

Now: $12bn

Underutilisation Rate

1990: 10%

2020: 20%

National Competition Policy

Telstra Market share from 98%-43%

Telecom pricing stayed at $2000 per year

John Quiggins “There is no theoretical basis for the supposition that these effects cancel each other out.”

2000 NCP review found new jobs were far away

Trade Liberalisation

2017 PMV deregulation led to structural unemployment of 50,000 workers

jobseeker

$89bn investment