2024 Economic outlook

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Running Time: 8:50

Date: 01/02/2024

It's tradition this time of year to hear Professor Neville Norman's take on the economic year ahead. Neville breaks down the economic landscape into four key themes: G for growth, R for rates of interest, I for inflation, and P for policy.

He calls it his 'Get a GRIP on the Economy'. Reflecting on the past year and looking forward to the most likely future, he examines the positives and warns of potential challenges, such as fall in household spending power. Neville predicts a slower growth rate, and tightening belts, and potential interest-rate reductions if the economy falters.

Professor Neville Norman, Melbourne University