Crest Economics
US unemployment rate drops to 3.5% despite slowdown fears – August 2022
The US economy added 528,000 new jobs as the unemployment rate dropped to 3.5% last month. Despite persistently high inflations with...
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Our articles analyse shifts in domestic and international economic issues, providing statistics and bridging real-world events to HSC Economics syllabus points.
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Crest Economics
- Aug 3
- 1 min
Australia faces ‘alarming’ gas crisis – August 2022
The ACCC has warned businesses could be forced to close and households left without enough gas next year unless the big three exporters...
19 views0 comments
Crest Economics
- Jul 27
- 1 min
Ukraine grain deal signed amidst Russia war – July 2022
Russia’s invasion of Ukraine has massively disrupted grain shipments, with a blockade of Ukrainian ports of Russia’s Black Sea fleet...
20 views0 comments
Crest Economics
- Jul 20
- 1 min
High inflation as the tipping point into global recession – July 2022
At the root of record high inflation in most nations is a broken global economy. The Russia-Ukraine war, US tensions with China and the...
27 views0 comments
Crest Economics
- Jul 14
- 2 min
Boris Johnson’s Resignation- July 2022
After 1078 days in office, Britain’s love-hate relationship with Boris Johnson has come to an end. For some, persona will be missed. For...
17 views0 comments
Crest Economics
- Jun 30
- 1 min
WTO announces new global trade deals– June 2022
Amidst geopolitical tensions and the backdrop of the ever-evolving COVID-19 pandemic, the World Trade Organisation (WTO) has agreed on...
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Crest Economics
- Jun 22
- 1 min
Australia’s Minimum Wage Lift – June 2022
The national minimum wage will lift by 5.2%, as the Fair Work Commission notes the ‘sharp increase in the cost of living’. Minimum wages...
36 views0 comments
Crest Economics
- Jun 7
- 1 min
Albanese Government faces Gas Crisis – June 2022
Entering into government, the Labour Party expected the increasing cost of living problem but did not expect the dramatic crisis in gas...
20 views0 comments
Crest Economics
- Jun 3
- 1 min
Australian Retail Surging Ahead – June 2022
Australian retail spending experienced a strong surge, advancing 0.9% in April to a record $33.9 bn over the month. This has occurred...
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Crest Economics
- May 25
- 1 min
What a Labor Government means for Australia – May 2022
Anthony Albanese’s election as Australia’s 31st Prime Minister marks the fourth time the Labor Party has taken power from opposition. The...
33 views0 comments
Crest Economics
- May 17
- 1 min
UK Economy shrinks as Ukraine war takes toll – May 2022
The UK economy unexpectedly falls in March, as consumers cut back on spending as the cost-of-living rises. GDP fell 0.1% after stagnating...
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Crest Economics
- May 10
- 2 min
Russian Economy teeters on the brink of default – May 2022
Reeling from international sanctions, Russia stands on the edge of defaulting in their payment of national debt. Modern bondholders are...
15 views0 comments
Crest Economics
- May 5
- 2 min
The Cash Rate Climb Begins – May 2022
After more than a year at the 0.1% cash rate base camp, the RBA has begun its treacherous hike in a bid to curb fears of excess stimulus...
29 views0 comments
Crest Economics
- Apr 25
- 1 min
Global growth splutters to a slowdown – April 2022
The International Monetary Fund (IMF) has revised their World Economic Outlook, lowering global growth for 2022 from 4.4% down to 3.6%....
8 views0 comments
Crest Economics
- Apr 19
- 1 min
Unemployment at a 50-year low but inflation is a different story– April 2022
Despite Australia seeing one of the lowest level of unemployment in half a century alongside the first increases in interest rates in 12...
38 views0 comments
Crest Economics
- Apr 12
- 1 min
RBA holds rates but patient wait is over – April 2022
RBA Governor Philip Lowe’s decision to hold the cash rate was expected, but markets are pricing in a cash rate of 1.75% by the year’s...
12 views0 comments
Crest Economics
- Mar 30
- 1 min
Scott Morrison to oversee troop increase– March 2022
In the lead up to the budget, Prime Minister Scott Morrison has announced a $38bn expansion of the military over the period to 2040. As...
5 views0 comments
Crest Economics
- Mar 15
- 2 min
Is Australia’s economy shielded from the Russia-Ukraine Conflict? – March 2022
The global shock of Russia’s invasion into Ukraine has yet to be fully realised financially but indications of unforeseen consequences...
29 views0 comments
Crest Economics
- Mar 2
- 1 min
West unite to cripple Russian economy with heavy sanctions- March 2022
The US Government and European allies have recently put into place sanctions to cripple Russia’s economy as the invasion of Ukraine...
22 views0 comments
Crest Economics
- Feb 15
- 2 min
Russia tethers on war with Ukraine despite struggling economy- February 2022
Jitters of war are rattling in Russia and its presence is felt by a shaky stock market, threatening to drag the ruble down with it....
19 views0 comments