Current Economic Conditions – data as at 31 January 2024
Our economist, Tim Atkin, provides the February update on the Australian economy for high school economics students. The video uses information in the Reserve Bank of Australia’s February Statement on Monetary Policy, and provides a summary to help students better understand recent economic developments.
00:00 Introduction
00:29 Gross domestic product
01:46 Household income and consumption
03:44 Labour market
06:22 Inflation
08:38 Monetary policy response
Statement on Monetary Policy (February 2024) – https://www.rba.gov.au/publications/s...
Explainer (Causes of Inflation) - https://www.rba.gov.au/education/reso...
Video Explainers (Monetary Policy) - https://www.rba.gov.au/education/reso...
Monetary Policy Decision (February 2024) - https://www.rba.gov.au/media-releases...
Resources for teachers and students are available on our website: https://www.rba.gov.au/education/
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