Deep Dive on WA's Economic Health
Episode description
Today, we're diving deep into WA's economic health. It's crucial for the economy to perform well, as this influences population growth, housing demand, and, consequently, rental and sale price increases. As investors, we want upward pressure on these factors but too much creates a housing crisis.
A strong economy also means rising wages, enabling people to afford higher prices. In this episode, we'll explore insights from the Chamber of Commerce and Industry WA, including business confidence, consumer confidence, and regional business confidence.
We'll touch on inflation, delve into WA's recently released numbers, and discuss the state's latest economic forecasts. Lastly, we'll examine WA's economy and international trade, providing interesting insights into our key trade partners and main types of trade and services.
Let’s go inside.
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Episode Highlights:
- Intro [00:00]
- WA Business Confidence, Inflation, and Consumer Spending [04:30]
- WA Economy, Inflation, Employment, and Trade [10:00]
- Western Australia's Economy, Reliance on China, and International Trade [16:20]
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