News: SACES
Subdued growth for SA, while cost of living crisis eases
South Australia鈥檚 economy grew weakly in 2023/24 as a result of capacity constraints and weak household spending growth, according to the latest SA Centre for Economic Studies (SACES) Economic Briefing Report from the University of 亚洲色吧.
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SA鈥檚 labour force participation likely to worsen
Current pressures on South Australia鈥檚 labour force and housing markets are likely to worsen over the next few decades due to the rapid ageing of the population, according to economists from the University of 亚洲色吧鈥檚 SA Centre for Economic Studies (SACES).
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Significant slowdown in economy amidst weak spending
The South Australian economy has lost momentum over the past six months with key economic indicators showing weaker trends, according to economists from the University of 亚洲色吧鈥檚 SA Centre for Economic Studies (SACES).
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Record decline in purchasing power for SA households
South Australian households have experienced an unprecedented decline in their purchasing power over the past year. Although the dollar value of average incomes has increased, it has not risen enough to keep up with sharp increases in the cost of living.
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SA household spending loses momentum as cost-of-living weighs heavy
Growth in aggregate spending in the South Australian economy has slowed sharply over the last year. Despite this loss of momentum, South Australia has enjoyed a very strong recovery from the pandemic.聽聽
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SA economic growth to moderate as headwinds intensify and capacity constraints are reached
South Australia鈥檚 economy will continue to expand in the new year, but at a slower pace. After two years of rapid growth, the state economy is now operating at a very high level of capacity utilisation with unemployment at low levels.
