News: economics
Significant slowdown in economy amidst weak spending
The South Australian economy has lost momentum over the past six months with key economic indicators showing weaker trends, according to economists from the University of Adelaide’s SA Centre for Economic Studies (SACES).
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Demography not policy may dictate which SA job sectors grow
Latest research suggests that South Australia’s healthcare sector may experience the biggest growth in employment in the state, in the near future. The demand for people in this sector will create problems for others sectors such as defence that will be competing for scarce skilled labour.
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Delivering housing affordability solutions
Expert economists from the University of Adelaide will share their solutions to the current housing affordability crises during a series of presentations at a free workshop this September.
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SA household spending loses momentum as cost-of-living weighs heavy
Growth in aggregate spending in the South Australian economy has slowed sharply over the last year. Despite this loss of momentum, South Australia has enjoyed a very strong recovery from the pandemic.
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SA economic growth to moderate as headwinds intensify and capacity constraints are reached
South Australia’s economy will continue to expand in the new year, but at a slower pace. After two years of rapid growth, the state economy is now operating at a very high level of capacity utilisation with unemployment at low levels.
Federal Government misses chance to boost skilled labour
The amount that pensioners may earn before being hit by tax should be increased in order to boost the economy and help them to keep using their expertise, according to a report published by the University of Adelaide.
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SA economic recovery to continue despite cost of living crisis
South Australia’s economic recovery is set to continue despite inflation and rising interest rates putting increased strain on household budgets. Aggregate spending within the state has grown strongly over the past year in response to strong growth in household consumption and public consumption spending, and a solid, though lockdown-interrupted, rise in dwelling investment. But with household and public sector consumption expected to weaken, the State’s export performance will need to improve to compensate.
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First-time study shows true value of SA’s parks
South Australia’s parks are quickly becoming the jewel in the crown of the state’s tourism offering with a new report highlighting the economic worth on top of the conservation value.
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Policy support offers opportunities for post pandemic
State and Federal government policy support for employment and training initiatives could play a crucial role in boosting SA’s population and recovery from the impact of the COVID-19 pandemic.
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Slow vaccine roll-out could deepen economic scars
While South Australia’s economy is recovering strongly, the slow vaccine roll-out is a significant threat to the nation’s ongoing ability to weather the long-term effects of the pandemic. Some sectors of the economy will be scarred by the effects of prolonged border closures.
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