217 - GDP Relief and a Fracturing Global Order
Description
This week on the Dismal Science, Raphael and Mark dissect the latest Australian GDP figures, revealing the end of the per capita recession, though productivity remains a concern with a third consecutive quarter of falling GDP per hour worked.
Turning their attention to the global stage, they examine the evolving economic landscape in the United States, with the Atlanta Fed now forecasting contraction and the impact of newly implemented tariffs. They explore how these factors, coupled with significant geopolitical uncertainties including the suspension of US military aid to Ukraine, are contributing to market jitters and a shifting focus away from previous narratives like AI.
Finally, they consider the potential economic ramifications of the US Department of Government Efficiency (Doge) initiative.
Read Mark's weekly newsletter here: https://www.aicd.com.au/news-media/economic-weekly.html
United States
