https://padlet.com/DanielCrowe/lgs2vozvdwa3 How are we travelling? en-us 2018-03-22 07:05:09 UTC 2026-01-29 11:53:56 UTC hello@padlet.com DanielCrowe https://padlet.com/DanielCrowe/lgs2vozvdwa3/wish/244852691 2018-03-22 07:06:25 UTC https://padlet.com/DanielCrowe/lgs2vozvdwa3/wish/244852691 https://padlet.com/DanielCrowe/lgs2vozvdwa3/wish/245283524 we have potential to be stronger!!!!!!!]]> 2018-03-23 00:17:00 UTC https://padlet.com/DanielCrowe/lgs2vozvdwa3/wish/245283524 https://padlet.com/DanielCrowe/lgs2vozvdwa3/wish/245283728 It sounds like the Australian economy is kind of average at the moment but has the potential to grow - population growth seems to be a big factor both driving and limiting growth (providing more labour but also meaning we have to divide increases by more people?? Our TOT is good, we are seeing small decreases in unemployment and jobs are growing but inflation is below target range and wages aren't yet following jobs growth.]]> 2018-03-23 00:18:30 UTC https://padlet.com/DanielCrowe/lgs2vozvdwa3/wish/245283728 https://padlet.com/DanielCrowe/lgs2vozvdwa3/wish/245283851 we're doing pretty ok all things considered i guess. employment is rising at least, so we just need to find ways to raise the employment rate higher than the rate of population growth.

]]> 2018-03-23 00:19:33 UTC https://padlet.com/DanielCrowe/lgs2vozvdwa3/wish/245283851 https://padlet.com/DanielCrowe/lgs2vozvdwa3/wish/245285327 (Krystal) We're doing alright, have potential. 
Some of the main good things: jobs growth, business + government investment
Main bad thing: consumer spending (gotta get higher consumer confidence)
So it's kind of like, celebrate a bit but not too much.]]> 2018-03-23 00:29:31 UTC https://padlet.com/DanielCrowe/lgs2vozvdwa3/wish/245285327 https://padlet.com/DanielCrowe/lgs2vozvdwa3/wish/245286182 Strengths : employment is increasing, commodity prices are increasing and Government and private investments are increasing. 
Weakness : low wages resulting in low spending, not helping to boost economic growth. ]]> 2018-03-23 00:34:40 UTC https://padlet.com/DanielCrowe/lgs2vozvdwa3/wish/245286182 https://padlet.com/DanielCrowe/lgs2vozvdwa3/wish/245287035  

But room for improvement.  
There is a lot of investment in the private sector and growth in jobs which is a great thing. However, inflation is below target range, there is low amount of consumer spending and a large proportion of increases in our GDP are due to population growth. ]]> 2018-03-23 00:39:53 UTC https://padlet.com/DanielCrowe/lgs2vozvdwa3/wish/245287035 https://padlet.com/DanielCrowe/lgs2vozvdwa3/wish/245287729 The Australian economy seems to be average at the moment but has potential to have increase in economic growth. There is an increase in employment and commodity prices are increasing, however there is also low wage growth and consumer spending (does not help boost economic growth) ]]> 2018-03-23 00:43:59 UTC https://padlet.com/DanielCrowe/lgs2vozvdwa3/wish/245287729 https://padlet.com/DanielCrowe/lgs2vozvdwa3/wish/245289257 So Australia's doing alright but there can be improvement. Inflation is below the target of 2-3% set by the Reserve Bank. Could be due to lack of growth in wages. There is  less unemployment, with more workforce participation, however the wages are not increasing.

Economic growth in China has also boosted our growth - higher commodity prices]]> 2018-03-23 00:54:05 UTC https://padlet.com/DanielCrowe/lgs2vozvdwa3/wish/245289257 https://padlet.com/DanielCrowe/lgs2vozvdwa3/wish/245291585 The Australian economy is probably in the indifferent peapod category but is slowly inching towards the happy circle. 
There is an increase in employment, investment in business equipment and investment in infrastructure. However, wage growth is not occurring at a rate that would be considered as worthy of the happy circle. The stagnant nature of wage growth is caused by surpluses in labour resources (working within the PPF), ultimately contributing to the lack of consumer spending which does not promote economic growth. ]]> 2018-03-23 01:08:34 UTC https://padlet.com/DanielCrowe/lgs2vozvdwa3/wish/245291585