Current Economic Conditions – data as at 15 May 2025

Our economist, Venura De Zoysa, provides the May update on the Australian economy for high school economics students. The video uses information in the Reserve Bank of Australia’s May Statement on Monetary Policy, and provides a summary to help students better understand recent economic developments.

0:00 Introduction
0:22: Global economy
3:37: Labour market
4:19: Inflation
5:09: Economic outlook
5:41: Monetary policy response

Statement on Monetary Policy (May 2025) – https://www.rba.gov.au/publications/smp/2025/may/
Explainer (Causes of Inflation) – https://www.rba.gov.au/education/resources/explainers/causes-of-inflation.html
Monetary Policy Decision (May 2025) – https://www.rba.gov.au/media-releases/2025/mr-25-13.html

Resources for teachers and students are available on our website: https://www.rba.gov.au/education/

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