Crest Economics
A cautionary tale of crumbling financial giants- March 2023
The economic world, shaken by the collapse of Silicon Valley Bank, is reminded once again by a familiar tale in 2008 when the sub-prime...
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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
- Mar 1
- 2 min
Decline in Real Wages- February 2023
Money trees may no longer be the perfect place for shade seeing as Australia has just experienced their largest decline in real wages on...
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Crest Economics
- Feb 19
- 2 min
Worldwide job cuts- February 2023
Upon the onset of the COVID-19 pandemic, tech firms were overwhelmed with an influx in demand. This led to a pandemic-related hiring boom...
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Crest Economics
- Feb 14
- 2 min
Impact of earthquake on Turkey- February 2023
Turkey faces a difficult road to economic recovery following massive earthquakes that crippled critical infrastructure, with the death...
12 views0 comments
Crest Economics
- Feb 7
- 1 min
New price cap announced on Russian petroleum products- February 2023
The Price Cap Coalition, consisting of Australia, Canada, Japan US and EU, have announced new price limits on ‘seaborne Russian-origin...
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Crest Economics
- Jan 31
- 2 min
What’s happening with the exchange rate? – Jan 2023
China's reawakening is expected to bring about a fresh wave of demand for key Aussie exports, a trend that is likely to underpin a strong...
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Crest Economics
- Jan 19
- 1 min
Australian trade relations with China to a rocky start – Jan 2023
Ferguson Australia Group, Andrew Ferguson says it’s been a “pretty tough few years” for Australia since China stopped seafood trade with...
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Crest Economics
- Jan 10
- 1 min
What China reopening means for the Australian economy – Jan 2023
China’s reopening brings a glimmer of economic positivity amid sluggish forward outlooks in Australia. Forever the bastion of Australia’s...
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Crest Economics
- Jan 5
- 1 min
Recession will hit a third of the world this year, IMF warns– Jan 2023
IMF chief, Kristalina Georgeiva, raises concerns about the global economy due to the slowdown in China from the spread of COVID-19. The...
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Crest Economics
- Dec 20, 2022
- 1 min
China is open for business- December 2022
In a pivot away from strict lockdown guidelines, China is finally opening back up. Mass testing alongside other requirements such as...
14 views0 comments
Crest Economics
- Dec 7, 2022
- 1 min
Australian banks reduces lending to at-risk sectors - December 2022
A recent finding by APRA reveals that Australian banks may be more vulnerable to economic downturns as they face threefold increase in...
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Crest Economics
- Nov 29, 2022
- 1 min
Industrial relation bill sets new controversial changes – November 2022
Labor is confident that its industrial relations bill will pass this year after a deal with the senator David Pocock to boost safeguards...
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Crest Economics
- Nov 23, 2022
- 2 min
Pressure on real wages – November 2022
As inflation continues on its upward trajectory, real wages are an area of the economy talking a large hit. The September quarter came...
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Crest Economics
- Nov 15, 2022
- 1 min
Albanese proposes ‘price caps’ on energy prices – November 2022
Australia's government is considering a possible cap on the prices that gas producers can sell into the domestic market to tame surging...
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Crest Economics
- Nov 10, 2022
- 1 min
US Economy shapes ‘high-stakes’ midterm elections – Nov 2022
Rallying a speech of optimism and determination, Biden addressed the high stakes the upcoming US midterm elections in repeating his...
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Crest Economics
- Nov 4, 2022
- 2 min
Australia’s Inflation- Nov 2022
Australia’s inflation woes worsened over the September quarter, with the CPI rising to 7.3%, a 1.8% increase from the previous quarter....
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Crest Economics
- Oct 26, 2022
- 1 min
UK Political Chaos - October 2022
The resignation of Liz Truss as Prime Minister last week has thrown the UK government into chaos, with many wondering who will take her...
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Crest Economics
- Oct 19, 2022
- 1 min
China's GDP 'rebounded significantly - October 2022
The economic recovery of one of our largest trading partner, China, spells good news for Australia's growth. The National Development and...
38 views0 comments
Crest Economics
- Oct 12, 2022
- 1 min
Australia’s newest tax cuts – October 2022
The stage-three tax cuts are the third phase of Morrison’s Government’s legislated tax plan that will come into effect in July 2024....
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Crest Economics
- Oct 5, 2022
- 2 min
Pound takes a pounding – October 2022
The British pound reached record-low values against the USD this past week, the latest in a series of economic headwinds buffeting the...
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