Inflation still the 'defining challenge' as Australia's economic activity slows
- Written by John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra
ShutterstockAustralia has recovered better than most from the COVID pandemic. As measured by gross domestic product (GDP), the economy is now 7% larger than it was before the pandemic.
Over 2022, the economy expanded by 2.7% – more than any of the seven largest advanced economies, and more than twice the average growth rate in the OECD.
That...
Read more: Inflation still the 'defining challenge' as Australia's economic activity slows