Category Archives: National Accounts

Posts in this category focus on National Accounts data publications

Australia national accounts – growth plummets, per capita recession

The Australian Bureau of Statistics released the latest December-quarter 2018 National Accounts data today (March 6, 2019) and we learn that in the last 6 months of 2018, the Australian economy descended into a recession in GDP per capita terms. … Read the rest of this entry »

Posted in National Accounts | 2 Comments

US Federal Reserve decision exposes moral bankruptcy and incompetence

On December 19, 2018, the Federal Reserve Bank Open Market Committee (FOMC), which determines the monetary policy settings in the US, increased the policy interest rate by 25 basis points to 2.5 per cent, as part of its plan to … Read the rest of this entry »

Posted in Britain, Central banking, Japan, National Accounts, UK Economy, US economy | 19 Comments

Australian workers losing out under neoliberalism

The current conflict in France, while multidimensional, is a reflection that the neoliberal austerity system is not working for ordinary people. All sorts of cross currents feed in to this discontent, some of which (for example, distaste for foreigners/migrants) are … Read the rest of this entry »

Posted in Admin, Economics, Fiscal Statements, National Accounts | 12 Comments

Australian national accounts – economy is slowing and looking shaky

The Australian Bureau of Statistics released the latest September-quarter 2018 National Accounts data today (December 5, 2018) and the result show that in the past three months, the Australia economy has slowed considerably. The quarterly growth rate fell to just … Read the rest of this entry »

Posted in National Accounts | 5 Comments

British growth strengthens in September quarter 2018

On Thursday (November 8, 2018), the British Office of National Statistics (ONS) released the – GDP first quarterly estimate, UK: July to September 2018 – data, the first release under their new publication model, which is designed to improve “the … Read the rest of this entry »

Posted in Britain, National Accounts, UK Economy | 9 Comments

US growth robust but doubts remain

Last Friday (October 26, 2018), the US Bureau of Economic Analysis published their latest national accounts data – Gross Domestic Product, 3rd quarter 2018 (advance estimate) , which tells us that the annualised real GDP growth rate for the US … Read the rest of this entry »

Posted in National Accounts, US economy | 9 Comments

Precarious private balance sheets driven by fiscal austerity is the problem

The media has been giving a lot of attention in the last week to the 10-year anniversary of the Lehman Brothers crash which occurred on September 15, 2008 and marked the realisation, after months of denial, that there was a … Read the rest of this entry »

Posted in Central banking, Economics, Fiscal Statements, National Accounts | 31 Comments

Reliance on household debt and a lazy corporate sector – a recipe for disaster

In yesterday’s blog post – Australian national accounts – growth continues but deep uncertainty looms (September 5, 2018), my theme was that the current period of economic growth in Australia was being built on what we might consider to be … Read the rest of this entry »

Posted in Economics, Labour costs, National Accounts | 10 Comments

Australian national accounts – growth continues but deep uncertainty looms

The Australian Bureau of Statistics released the latest June-quarter 2018 National Accounts data today (September 5, 2018). While the economy recorded a relatively robust 0.9 per cent growth for the quarter and 3.4 per cent over the 12 months to … Read the rest of this entry »

Posted in National Accounts | 7 Comments

Public infrastructure investment must privilege public well-being over profit

One of the principle ways in which so-called progressive political parties (particularly those in the social democratic tradition) seek to differentiate themselves from conservatives is to advocate large-scale public infrastructure investment as a way of advancing public good. You can … Read the rest of this entry »

Posted in Fiscal Statements, National Accounts, Politics, Reclaim the State, Reclaiming community | 10 Comments