The Australian Economy in 2024–2025: Living and Housing Affordability

IF 1 4区经济学 Q3 ECONOMICS

Australian Economic Review Pub Date : 2025-01-30 DOI:10.1111/1467-8462.12586

Guay Lim, Viet Nguyen, Tim Robinson, Sarantis Tsiaplias

引用次数: 0

Abstract

The economy grew at a well below-trend pace in 2023/2024. Inflation fell, and the unemployment rate edged higher, but these changes were not sufficient to convince the Reserve Bank of Australia to start cutting the cash rate. In 2024, the federal Budget included cost-of-living financial support, as well as measures to support housing affordability, but living standards continued to slip as real GDP per capita fell. Overall, the Misery Index for Australia remains high and ongoing uncertainty about the United States and Chinese economies are downside risks to the outlook for 2024/2025.

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2024-2025年的澳大利亚经济：生活和住房负担能力

在2023/2024年，经济增长远低于趋势速度。通货膨胀率下降，失业率小幅上升，但这些变化不足以说服澳大利亚储备银行开始削减现金利率。2024年，联邦预算包括生活费用财政支持，以及支持住房负担能力的措施，但随着实际人均GDP的下降，生活水平继续下滑。总体而言，澳大利亚的痛苦指数仍然很高，美国和中国经济的持续不确定性是2024/2025年前景的下行风险。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Australian Economic Review ECONOMICS-

CiteScore

1.90

自引率

10.00%

发文量

期刊介绍： An applied economics journal with a strong policy orientation, The Australian Economic Review publishes high-quality articles applying economic analysis to a wide range of macroeconomic and microeconomic topics relevant to both economic and social policy issues. Produced by the Melbourne Institute of Applied Economic and Social Research, it is the leading journal of its kind in Australia and the Asia-Pacific region. While it is of special interest to Australian academics, students, policy makers, and others interested in the Australian economy, the journal also considers matters of international interest.