News: SACES
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.
[Read more about SA household spending loses momentum as cost-of-living weighs heavy ]
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.
[Read more about Federal Government misses chance to boost skilled labour]
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.
[Read more about Slow vaccine roll-out could deepen economic scars]
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.
[Read more about Newstart debate must focus on people not politics]
