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The 5 Best Sources for keeping up to date with Australia's economic environment

Updated: Dec 7, 2023

Staying up to date with the ever-evolving economic environment is essential in my line of work. That's why I've invested substantial time exploring multiple sources to ensure I'm always in the know. In this post, I'd like to share some of the key resources that have proven invaluable in monitoring economic trends. By tapping into these sources, you'll have your finger on the pulse of Australia's thriving economic landscape.

1. The Reserve Bank of Australia

The Reserve Bank of Australia (RBA) is the central bank of Australia and is responsible for setting monetary policy, regulating financial institutions, and providing economic analysis. The RBA website is a great resource for keeping up with the latest news and developments in the Australian Economy. It offers regular economic reports, including the monthly Statement on Monetary Policy, as well as detailed information on monetary policy decisions and their impacts on the Economy. They also have a handy dashboard on their home page with the leading economic indicators.

Where to access it:

2. The Australian Financial Review (AFR)

The AFR is one of Australia's leading financial newspapers and provides comprehensive coverage of the latest news and developments in the Australian Economy. It offers daily updates on market movements, company news, government policy announcements, and more. It also publishes weekly columns from leading economists that provide insight into current economic issues. They have a wealth of information, so you will want to focus only on the news most relevant to your context.

Where to access it:

4. The Dismal Science Podcast from AICD

This podcast, co-hosted by AICD's Chief Economist Mark Thirlwell and their Head of Content Ivan Ah Sam, presents weekly episodes delving into the essential economic news in Australia and internationally. The discussions offer a valuable overview of relevant economic indicators and events that demand our attention. It's a casual exchange you can tune into during your commute or while working out.

5. The Money Podcast from ABC

I initially chose "ABC News" as my source but switched to their "The Money" podcast. Hosted by Richard Aedy, it provides a unique perspective on Australia and the world through the lens of economics. Unlike source #4, this podcast delves deep into specific subjects, even venturing into adjacent sectors to shed light on the implications of significant events. Plus, each episode is short, taking less than 30 minutes of your time - time well spent.

Please let me know if you have found these sources helpful. Do you have other sources/tips on keeping up with the Australian Economy? If you do, please share!

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