ABC New (December 26)
Due to unexpectedly high migration, “fears that Australia would enter a technical recession during 2023 didn’t eventuate.” Still, “for many, life in 2023 certainly felt recession-like as Australians faced more interest rate hikes, a rising tax bill and a still-increasing cost of living that again outpaced wage growth.”
Tags: 2023, Australia, Australians, Cost of living, Fears, Interest, Migration, Outpaced, Rate hikes, Tax bill, Technical recession, Wage growth
Guardian (September 21)
“Europe’s apparent rightwards drift is not a fait accompli. But there is a risk that, as mainstream parties accommodate more and more of the radical right’s agenda, it becomes one. Years of austerity, followed by the pandemic and the Ukraine-related cost of living crisis, have led to chronic economic insecurity for less well-off Europeans. That has created an opening for ugly political movements and populist leaders to exploit.”
Tags: Austerity, Cost of living, Crisis, Economic insecurity, Europe, Exploit, Mainstream, Pandemic, Populist, Radical right, Rightwards, Risk, Ugly, Ukraine
The Guardian (September 8)
“Public opinion has swung away from Brexit, with more than half the country thinking it was wrong to leave the bloc. Crucially, a chunk of 2016 leave voters have changed their minds because Brexit hasn’t delivered either on promises that it would energise the economy or on reducing immigration. Rather, leaving the EU probably made the cost of living crisis worse.”
Tags: Brexit, Cost of living, Crisis, Economy, Energise, EU, Immigration, Leave voters, Promises, Public opinion, Wrong
The Guardian (November 26)
“The world’s major central banks are scratching their heads over how to deal with the rising cost of living. Raising interest rates now could deal a blow to the post-pandemic recovery. Wait too long, and inflation may spiral out of control.”
Tags: Central banks, Cost of living, Inflation, Interest rates, Post-pandemic, Recovery, Rising, Spiral, Wait
Wall Street Journal (December 4)
“A carbon tax is in theory a more efficient way than regulation to reduce carbon emissions. But after decades of global conferences, forests of reports, dire television documentaries, celebrity appeals, school-curriculum overhauls and media bludgeoning, voters don’t believe that climate change justifies policies that would raise their cost of living and hurt the economy.”
Tags: Carbon tax, Climate change, Conferences, Cost of living, Economy, Efficient, Emissions, Regulation, Reports, Voters