by Urban Sila, Australia Desk, OECD Economics Department Australia is a successful economy with high living standards. It has recorded 27 years of uninterrupted GDP growth. Incomes have grown strongly across the entire range of the income distribution and the incidence of both absolute and relative poverty have declined. Despite this improvement, quite a significant … More Some Australians are at a significant risk of poverty, despite the strong economy
by Philip Hemmings, Head of Australia Desk, OECD Economics Department Australia’s housing market is a source of vulnerability. Prices have more than doubled in real terms since the early 2000s and household debt has surged. The market has started to cool over the last year, with prices falling most notably in Melbourne and Sydney. So … More Australia’s cooling housing market; is the economy at risk?