Stephen Koukoulas
speaker
2,355 appearances
24 recordings
2 series
first heard Apr 2026
last heard 6d ago
Stephen Koukoulas’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 24 in all, peaking in May 2026 with 6.
Appearances
and spends money at our hotels and our restaurants, that's an export to them.
So it includes services in that, plus what uh used to be called invisibles.
And that is the uh interest and dividend flows in and out of Australia.
And of course, with Australians now with this massive uh pool of superannuation funds being invested overseas, we are starting to collect dividends coming into the economy.
Uh and interest we we don't have a whole lot of uh debt, but we do have uh fund managers investing in bonds overseas.
So
So the dividend so the interest inflow into Australia is part of that as well.
So
It's look, I I don't think it's gonna cause the RBA to do i do anything, but it's sort of like a little bit of a health check on our economy.
Are we still internationally competitive?
Uh and it also includes the thing that
Michael, I'm showing my age here, the Banana Republic days of nineteen eighty six.
So uh what's that, forty years ago?
It was the balance of payments crisis that caused Paul Keating, the then treasurer, to say, you know, we're gonna become a banana republic unless we reform our economy.
So that's where I think I still have a bit of a nostalgic view of the balance of payments numbers anyway.
Whoever did that schedule needs to be
Sort of taking aside and having a very good talking to because that extra month uh no, it's only one month of data.
But as uh a couple of economists have pointed out, the July upside surprise on inflation coincides with the s the first of July, the start of the new financial year.
Many businesses use that to be the s the kickoff point to changing their price structure for the whole year.
So you tend to get a one step up.
Showing 361–380 of 2,355 · page 19 of 118
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