Australian Inflation Rate.
Anthony Albanese is blaming Scott Morrison for “plummeting” wages following the latest release of the wage price index, showing an annual wage increase of 2.4% to the March quarter.
The current rate of inflation is 5.1%.
Other countries with similar issues are blaming issues arising from the … Read the rest
Minimum Wage rise: 3.0% or 5.5%?
Annual CPI inflation increased to 5.1 per cent in the March quarter, mainly due to higher dwelling construction costs and automotive fuel prices. abs.gov.au
Following this inflation rise, there are some who want to see an equal rise in wages, to compensate for these … Read the rest
Can Anthony Albanese fix Inflation?
Labor Leader Anthony Albanese:
“The cost of living is increasing, but pay isn’t keeping up.”
“A Labor government will focus on lifting pay and profits and creating even more jobs by making our economy more productive.”
That sounds like great news:
… Read the rest
Will the Chinese Economy overtake the US economy?
GDP per capita in China is expected to reach 8,840.00 USD by the end of 2021..
The Gross Domestic Product per capita in the United States was last recorded at 53,748.97 US dollars in 2020.
The Gross Domestic Product per capita in … Read the rest
Many countries specialise in certain products or groups of products, this can create a situation of dependency on, or for, some countries.
China wants to break dependency on Australia for iron ore.
China – which imports 60 per cent of its iron ore from Australia – is looking at sourcing … Read the rest
Australian coal exports comprise two varieties: Thermal coal, which is burnt for electricity, and Metallurgical coal, which is used for making steel and iron ore.
Thermal Coal Exports were worth $22.7 billion in 2019, with almost $4 billion going to China.
Metallurgical Coal Exports were worth $41.2 billion in 2019, … Read the rest
During the parliamentary debate about the $130 billion JobKeeper legislation, Anthony Albanese said:
“We are headed for a trillion-dollar debt. It is a bill that will saddle a generation.”
It is actually similar to another debt in the past, although much smaller.
The highest level of government debt that Australia … Read the rest
Western Australia has gone 146 days now with no community transmission cases.
Western Australia Premier, Mark McGowan, has made the following statements:
Forecasts show Western Australia has the most positive economic outlook of all states.
We are the state going forward most quickly.
For 2019-20, Western Australia has the only … Read the rest
The change in the Chinese Australian relationship in 2020.
Only 23% of Australians now trust China to act responsibly in the world. This is down from 52% in 2018.
Those figures are from the annual Lowy Institute Poll, which tracks Australian views on foreign policy. They also state that confidence … Read the rest
Household debt in Australia will have risen in 2020, especially following the COVID-19 situation.
However, in the last quarter of 2019, Household Debt in Australia decreased to 119.50 percent of GDP.
The chart below shows Household Debt as almost 200% of Annual Household Disposable Income. (the blue line in … Read the rest