The latest data shows that economy is really struggling and the Reserve Bank got it wrong (again). Plus: TACO corner.

On this episode of Dollars & Sense, Greg and Elinor discuss the latest quarterly GDP figures, why the above-inflation increase to minimum and award wages is a good thing, and the latest from Tariffland.

This discussion was recorded on Thursday 5 June 2025 and things may have changed since recording.

Our independence is our strength – and only you can make that possible. By donating to the Australia Institute’s End of Financial Year appeal today, you'll help fund the research changing Australia for the better.

Host: Greg Jericho, Chief Economist, the Australia Institute and Centre for Future Work // @grogsgamut

Host: Elinor Johnston-Leek, Senior Content Producer, the Australia Institute // @elinorjohnstonleek

Show notes:

The good news? Household living standards are on the rise. The bad news? Just about everything else by Greg Jericho, Guardian Australia (June 2025)

The continuing irrelevance of minimum wages to future inflation by Greg Jericho, the Australia Institute (April 2025)

Theme music: Blue Dot Sessions

We’d love to hear your feedback on this series, so send in your questions, comments or suggestions for future episodes to [email protected].

Support the research powerful interests fear: https://theaus.in/430U1Rv

See omnystudio.com/listener for privacy information.