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Current Economic Conditions – data as at 31 January 2024

Our economist, Tim Atkin, provides the February update on the Australian economy for high school economics students. The video uses information in the Reserve Bank of Australia’s February Statement on Monetary Policy, and provides a summary to help students better understand recent economic developments. 00:00 Introduction 00:29 Gross domestic product 01:46 Household income and consumption 03:44 Labour market 06:22 Inflation 08:38 Monetary policy response Statement on Monetary Policy (February 2024) – https://www.rba.gov.au/publications/s... Explainer (Causes of Inflation) - https://www.rba.gov.au/education/reso... Video Explainers (Monetary Policy) - https://www.rba.gov.au/education/reso... Monetary Policy Decision (February 2024) - https://www.rba.gov.au/media-releases... Resources for teachers and students are available on our website: https://www.rba.gov.au/education/ Follow our other social media channels to receive updates: Facebook:   / reservebankau   Twitter:   / rbainfo   Instagram:   / reservebankau   LinkedIn:   / reserve-bank-of-australia