Current Stats

Question 1

Current GDP

Answer 1

1.3% as of Dec 2024 + generally falling but starting to rise

Question 2

Current Interest Rates

Answer 2

4.35% fell to 4.1%

Question 3

Current Inflation Rate

Answer 3

2.4% + falling

Question 4

Current Underlying Inflation

Answer 4

Trimmed mean: 2.7%

Question 5

Current Unemployment

Answer 5

4.1% as of March 2025 + rising

Question 6

AD: Slowing EG

Answer 6

1. High Interest Rates
2. Weak Trading Partners

Question 7

AS: Slowing EG

Answer 7

1. Climatic Factors - Cyclone Alred + floods&raquo_space; less natural resources&raquo_space; lower PC
2. Productivity Growth Slowed (lack of skilled labour in construction&raquo_space; delayed projects + reduced output)

Question 8

AD: Lower Inflation

Answer 8

1. Interest Rates
2. Lower Consumer Confidence (Under 100 points since mid-2022) - current at around 90
3. Weak Trading Partners

Question 9

AS: Lower Inflation

Answer 9

1. Gov Policy - lower SME production costs&raquo_space; less cost inflation
2. Increased access to resources&raquo_space; more labour available in labour market + less supply chain disruptions after COVID&raquo_space; cheaper production&raquo_space; lower cost inflation

Question 10

AD: Rising Unemploy

Answer 10

1. Weak China&raquo_space; less X and less production
2. High Interest Rates&raquo_space; discourage expansion

Question 11

AS: Higher Unemp

Answer 11

1. Climatic Factors&raquo_space; Cyclone Alred&raquo_space; shrinks PC and more unemp
2. International Supply Chain Disruptions&raquo_space; Russia vs Ukraine&raquo_space; energy price volatility&raquo_space; squeezed profit margins and limit hiring capacity