Current Economic Conditions – data as at 30 October 2024
Our economist, Geneve Bullo, provides the November update on the Australian economy for high school economics students. The video uses information in the Reserve Bank of Australia’s November Statement on Monetary Policy, and provides a summary to help students better understand recent economic developments.
00:00 Introduction
00:23: Inflation
3:21: Economic growth
3:49: Labour market
4:28: Monetary policy response
Statement on Monetary Policy (November 2024) –https://www.rba.gov.au/publications/smp/2024/nov/
Explainer (Causes of Inflation) – https://www.rba.gov.au/education/resources/explainers/causes-of-inflation.html
Video Explainers (Monetary Policy) – https://www.rba.gov.au/education/resources/videos.html#monetary-policy_video-explainers/
Monetary Policy Decision (November 2024) – Statement by the Reserve Bank Board: Monetary Policy Decision – https://www.rba.gov.au/media-releases/2024/mr-24-24.html
Resources for teachers and students are available on our website: https://www.rba.gov.au/education/
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