Why Australia’s economic growth is “pathetic”

featuring Greg Jericho and Elinor Johnston-Leek
Reserve Bank of Australia (RBA) Governor Michele Bullock speaks to media during a press conference in Sydney, Tuesday, May 20, 2025. The RBA has cut interest rates by 25 basis points to 3.85 per cent.
AAP Image/Dean Lewins

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The latest data shows that economy is really struggling and the Reserve Bank got it wrong (again). Plus: TACO corner.

On this episode of Dollars & Sense, Greg and Elinor discuss the latest quarterly GDP figures, why the above-inflation increase to minimum and award wages is a good thing, and the latest from Tariffland.

This discussion was recorded on Thursday 5 June 2025 and things may have changed since recording.

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Host: Greg Jericho, Chief Economist, the Australia Institute and Centre for Future Work // @grogsgamut

Host: Elinor Johnston-Leek, Senior Content Producer, the Australia Institute // @elinorjohnstonleek

Show notes:

The good news? Household living standards are on the rise. The bad news? Just about everything else by Greg Jericho, Guardian Australia (June 2025)

The continuing irrelevance of minimum wages to future inflation by Greg Jericho, the Australia Institute (April 2025)

Theme music: Blue Dot Sessions

We’d love to hear your feedback on this series, so send in your questions, comments or suggestions for future episodes to podcasts@australiainstitute.org.au.

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