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The second Global Financial Crisis (GFC)
NIEIR’s base case takes the view that any inflationary pressures that may well intensify over the next eighteen months, including from a Republican Government in the United States increasing tariffs again and the impact of immigration outflows. However, these pressures will be ended in 2026 from a world recession from interest rate rises caused by […]
Performance of Australia’s Regions: Benchmarking and Rankings 2019-2023
The pattern of GDP growth outcomes over the fiscal years 2019 to 2023 is generally in accordance with expectations given the pattern of COVID-19 lockdowns. Except for the outer Melbourne regions, namely Melbourne Outer South and Melbourne Outer South East, which experienced small gains in Gross Regions Product (GRP), all other Melbourne regions experienced falls […]
State of the Regions 1994 to 2019
A land boom, a mining boom and their aftermath Beginning in 1996, NIEIR’s State of the Regions reports have documented the economic progress of Australia’s regions, both urban and country. Issued annually, each report has covered the current year and the immediate past. The reports chronicle a period of relatively stable growth, at national level, […]
Fast Train Project Macro Economic Assessment July 2020
STRONGER, TOGETHER – An independent state-wide macroeconomic assessment of fast regional commuter rail network impacts on Victorian settlement patterns, economic growth, fairness and opportunity. With a population approaching five million, the Melbourne metropolitan area accommodates around three-quarters of the population of Victoria. Five railway lines radiate from Melbourne towards a mixture of major provincial cities, towns, ex-urban areas and farmland. […]