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Craig Emerson

Rate decisions have to follow the data, not the dogma

Leading economic indicators have to be our guide, and they are all pointing towards an avoidable recession.

Craig EmersonFormer Labor minister and economist

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Following the recent release of the quarterly economic growth figures, we have witnessed the most bizarre economic commentary in decades. Australia’s barely positive growth rate has been greeted with howls of protest that this was achieved only through government spending. Those commentators were furious with governments for preventing a recession.

Treasurer Jim Chalmers has been getting plenty of advice on how to manage inflation.  David Rowe

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Craig Emerson is managing director of Emerson Economics. He is a distinguished fellow at the ANU, director of the Australian APEC Study Centre at RMIT and adjunct professor at Victoria University’s College of Business.

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    Original URL: https://www.afr.com/policy/economy/rate-decisions-have-to-follow-the-data-not-the-dogma-20240908-p5k8v2