News: SACES
Subdued growth for SA, while cost of living crisis eases
South Australia’s economy grew weakly in 2023/24 as a result of capacity constraints and weak household spending growth, according to the latest SA Centre for Economic Studies (SACES) Economic Briefing Report from the University of Adelaide.
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SA’s labour force participation likely to worsen
Current pressures on South Australia’s labour force and housing markets are likely to worsen over the next few decades due to the rapid ageing of the population, according to economists from the University of Adelaide’s SA Centre for Economic Studies (SACES).
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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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Record decline in purchasing power for SA households
South Australian households have experienced an unprecedented decline in their purchasing power over the past year. Although the dollar value of average incomes has increased, it has not risen enough to keep up with sharp increases in the cost of living.
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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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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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Newstart debate must focus on people not politics
A new report from University of Adelaide economists has added to the national debate about the Newstart Allowance, arguing that Newstart should be increased by as much as $120 a week and urging politicians to address the issue with maturity.
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