Melb Economic Forum

The Melbourne Economic Forum brings together economic policy thinkers in discussion and debate to encourage sound government policy making.

[Melb Economic Forum @MelbEconForum]

Treasury forecast assumes COVID will go away. That may not be the case - how will we prepare for that? Other changes may be permanent such as working from home - Prof Mark Wooden @MelbInstUOM

[Melb Economic Forum @MelbEconForum]

Budget had some good points - incentives for employers to hire young workers - but largely failed to prioritise those most in need. Access to housing and income essential in recovery - Prof Guyonne Kalb @MelbInstUOM #MEF20

[Melb Economic Forum @MelbEconForum]

Essential to keep income support at a sufficiently high level. Income support before COVID was not high enough. Should cover all people in Australia - including migrants - Prof Guyonne Kalb @MelbInstUOM #MEF20

[Melb Economic Forum @MelbEconForum]

Women have faired worse than men in the labour market, but the greatest impact has been on young people - Prof Guyonne Kalb @MelbInstUOM #MEF

[Melb Economic Forum @MelbEconForum]

400,000 fewer people in jobs in September than in March. JobKeeper and JobSeeker have cushioned the economic impact so far - Prof Guyonne Kalb @MelbInstUOM #MEF20

[Melb Economic Forum @MelbEconForum]

Reform needed across education system at state and federal level - @VicUniVC #MEF20

[Melb Economic Forum @MelbEconForum]

Number of young people not in education, work or training has improved since earlier in the pandemic - but facing a youth jobs crisis earlier next year as people leave school - @VicUniVC

[Melb Economic Forum @MelbEconForum]

Many kids and young people already experience disadvantage in the education system - COVID-19 has exacerbated some of those problems - @VicUniVC

[Melb Economic Forum @MelbEconForum]

Financial stress not just about having a job, also family situation - Prof Abigail Payne @MelbInstUOM #MEF20

[Melb Economic Forum @MelbEconForum]

Number of people experiencing financial stress have not improved as much - Prof Abigail Payne @MelbInstUOM #MEF20

[Melb Economic Forum @MelbEconForum]

The number of people working has improved slightly from July to October, compared to earlier in the pandemic - Prof Abgiail Payne @MelbInstUOM #MEF20

[Melb Economic Forum @MelbEconForum]

62% of communities with highest levels of poverty in 2006 were still experiencing high levels of poverty in 2016 - Prof Abigail Payne @MelbInstUOM #MEF20

[Melb Economic Forum @MelbEconForum]

Government focussing on skills and employment. But what about safety net, and people who are falling into poverty due to the pandemic? - Prod Abigail Payne @MelbInstUOM #MEF20

[Melb Economic Forum @MelbEconForum]

Things we need to be wary of in recovery: weak international demand, two years of school leavers who will find it difficult to enter labour market, and skills shortages due to reduced migration - @JMDixonVU #MEF20

[Melb Economic Forum @MelbEconForum]

If household spending stalls, hospitality and arts sectors will face a second blow to recovery. Government should extend current supplements, and consider further one-off supplements - @JMDixonVU

[Melb Economic Forum @MelbEconForum]

"We've got a recession that is driven by household demand" - need to fix that first. International demand, investment not as important, terms of trade a "dark cloud" @JMDixonVU #MEF20

[Melb Economic Forum @MelbEconForum]

New Zealand economy has almost recovered after hard lock down - @JMDixonVU

[Melb Economic Forum @MelbEconForum]

Population growth will slow due to migration. It will now take until 2030 to reach population predicted for 2026- @JMDixonVU #MEF20

[Melb Economic Forum @MelbEconForum]

Impact of the pandemic on productivity not yet clear. Both positives and negatives - @JMDixonVU

[Melb Economic Forum @MelbEconForum]

What are the critical issues affecting our economic recovery? The budget, poverty, labour market and education - we'll be tweeting live from #MEF20 today from 1030am. Featuring @JMDixonVU, Prof Abigail Payne and Prof Guyonne Kalb @MelbInstUOM, Prof Peter Dawkins @VicUniVC