WEALL Australia’s Post

In the know. 1. National economic landscape in Australia is complex, with low unemployment but slow GDP growth and inflation impacting household spending. 2. Regional economic performance varies across states, with South Australia and Western Australia experiencing growth while regions reliant on specific resources may see a decline. 3. Greater Melbourne's economic recovery from the pandemic has been uneven, with some areas showing resilience while others face challenges due to high cost-of-living pressures. 4. Opportunities for growth in Victoria include infrastructure projects like the Metro Tunnel and North East Link, but issues such as housing affordability and job-housing mismatches need to be addressed. 5. The 2024 State of the Regions report provides detailed insights into national, state, and regional economic performance, tailored for Greater Melbourne's local government areas, to help inform strategic planning and policy decisions. https://lnkd.in/gxxjQhSN https://lnkd.in/gTPC8jYB

Economic growth is at the heart of the new Labour government’s mission for the country, and ensuring this growth is spread across the country is a key part of the mission. Demos and PwC have published their latest Good Growth for Cities Index that explains the continuing importance of the regional growth agenda, with differences in cities’ rankings often falling along regional lines. https://lnkd.in/eeRhtfEe

This month, the National Records of Scotland released figures showing record international migration to Scotland in 2021/22. In this month's Economy, People, and Skills, we have taken a timely look at how Scotland’s population has changed since 2011 and the role that migration has played in that 💡 You can read more about it here 👇 https://lnkd.in/eBz_EHbC #economy #scotland #labourmarket #lmi #insights #migration #census #scotlandscensus

Australia is on the cusp of a transformative period, with a predicted transfer of $3.5 trillion expected to unleash enormous opportunities for national and individual household growth. This growth will trigger extensive socio-economic change, especially as it relates to family dynamics, with unprecedented opportunities to resolve critical issues such as housing affordability, educational opportunities, and debt reduction. Download our latest white paper to find out more: https://lnkd.in/gPsAkheQ

The PwC UK #GoodGrowth for Cities Index predicts that London will outpace other UK regions in economic growth in 2024 and 2025. It's down to the sectoral composition of London’s economy, which has a larger share of economic activity in some higher growth sectors: professional, scientific and technical, and financial & insurance activities. But how does it perform when you add in the other factors of the Index - such as work/life balance and house price affordability? Read the Index in the link

The PwC UK #GoodGrowth for Cities Index predicts that London will outpace other UK regions in economic growth in 2024 and 2025. It's down to the sectoral composition of London’s economy, which has a larger share of economic activity in some higher growth sectors: professional, scientific and technical, and financial & insurance activities. But how does it perform when you add in the other factors of the Index - such as work/life balance and house price affordability? Read the Index in the link

The PwC UK #GoodGrowth for Cities Index predicts that London will outpace other UK regions in economic growth in 2024 and 2025. It's down to the sectoral composition of London’s economy, which has a larger share of economic activity in some higher growth sectors: professional, scientific and technical, and financial & insurance activities. But how does it perform when you add in the other factors of the Index - such as work/life balance and house price affordability? Read the Index in the link

📅 With the start of a new financial year that's putting some extra money in Australia's pockets, how do you think this injection of capital will be spent amongst #GenY? 📉 Grappling with one of its worst economic climates in decades, exacerbated by a #housingcrisis and higher interest rates, particularly impacting younger generations, the Australian Government has introduced measures to assist. These include #taxcuts, #minimumwage increases, and #energyrelief credits. 💸 However, amidst these challenging conditions, there is a notable trend among #GenerationY to prioritise experiences, products, and services over traditional investments. Facing uncertain prospects of home ownership and retirement, many are opting to save for indulgent treats. In fact, according to #InsureandGo, 65% of 31-50-year-olds would choose travel over purchasing a home in 2024. 📝 To delve deeper into this behaviour, we consulted with Alison Pennington, Senior Economist at the University of Sydney, and Jonathan Barrett, Senior Business Reporter at Guardian Australia 🧑💼 Our discussions explored how businesses could cater more effectively towards affordable luxury, consider cross-demographic that include #GenY, and acknowledge the uncertainties shaping their consumption patterns. 📑 If you would like a copy of the report detailing our findings, please let me know, I would gladly send you the PDF. Report Credit: Kayti Burt

"Productivity growth is about doing things better, transforming the way that all of us work," said Chair Danielle Wood on ABC Breakfast last week. "And that is ultimately what leads to improvements in living standards over time." Do you have ideas on how government can help Australians work smarter and boost productivity growth? Share them here by 15 January 2025 and help inform our recommendations to government: https://engage.pc.gov.au #Productivity #PeoplePoweredPolicy #PolicyIdeas #Policy #Environment #SocialPolicy #Economics #AusEcon #AusPol #TellUsWhatYouThink #ShareYourIdeas #Ideas #ProductivityPitch #NationalEconomy

Want to understand why we should be thinking about #futuregenerations in #policy, including why it would be good for us in the here and now? Look no further that the Future Generations Policy Brief from Foundations for Tomorrow.org Full disclosure - I had a very tiny bit of input into this. (Coincidentally, today's theme at the Global Development Network #GDC2024 Conference is the future!)