Economic News for 2014

[tessgreed]

Hi guys,

has anyone been keeping a record of all the major economic current affairs for 2014.

if they have would they be able to post it or send a link to download it.

Thanks and much appreciated

[ninwa]

Can you clarify exactly what it is you're looking for? Like give an example of one?

[tessgreed]

sure. in the exam assessor reports they often refer to students not making relevance to current examples in the world

This could be:
- a proposition to raise the retirement age to 70
- introducing the carbon tax under gillard government
- government not subsidising toyota anymore



etc....

[ninwa]

Hmm okay. Off the top of my head (some of these may be late 2013):

- RBA cutting interest rates to its lowest since 1959 edit: and maintaining the low rates for some time
- recent free trade agreements with South Korea and Japan, and possibly upcoming agreement with China
- G20 meeting is hosted by Australia this year, not sure how relevant this is though
- government cracking down on tax avoidance by multinational companies like Apple
- privatisation of Medibank
- previous government increasing the superannuation guarantee from 9% to 12%
- Minerals Resource Rent Tax
- not sure how relevant but the trend towards removing restrictions on foreign investment in Australian companies
- repealing the government's debt limit

[staceyanne1]

Fantastic response NINWA! much appreciated!

[Summers]

Do you even need to know any 'Economic News' apart from major policies in the course? If you do, oh oh.

[chasej]

Do you even need to know any 'Economic News' apart from major policies in the course? If you do, oh oh.

You absolutely do need to know if you want >40.

[Summers]

Hopefully I can ROTE learn some set in stone economic news that doesn't change alot.

[ninwa]

I have to research economy-related news for work anyway, so I'm happy to keep updating this thread if it's helpful

- Consumer price index (measure of inflation) rose by 2.9% in the year to March quarter 2014, which is apparently lower than expected, which means RBA is unlikely to raise interest rates any time soon

Upcoming stuff:
- National Commission of Audit report will be released on 1 May 2014. Hockey made a speech about it, apparently the report basically says we're screwed (deficits for the next decade) unless the government undertakes "substantial spending restraint"
- Budget on 13 May 2014 obviously. I will have to write a summary of this for work and I'll post it here if there's interest (idk what is or isn't relevant to the course)

[liam123]

Thank you ninwa, awesome stuff

[abcdqdxD]

Hopefully I can ROTE learn some set in stone economic news that doesn't change alot.

I would heavily recommend against rote learning in this subject

[ninwa]

Summary of National Commission of Audit report: "we're screwed, so better cut spending on everything, also remove a bunch of government agencies and bodies"