Global Macro

Irina Slav from OilPrice.com summarised Wood Mackenzie’s Energy Transition Outlook 2025-26 as follows: Global demand for crude oil is projected to continue increasing until at least 2032, indicating that the world is significantly off track in meeting its Paris Agreement goals.

Last week, I argued that Australia is the dumbest developed nation on Earth for choosing to give itself expensive and unreliable energy when it is literally a global energy superpower rich in everything other than oil.

Data released in the U.S.

In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, examines why Australia’s stock market looks expensive compared to global peers—and whether the nation’s limited exposure to high-growth tech and AI could see it left behind once again.

As the base falls away, the structure rises ever higher.

With the release of the latest data from Statistics Canada, it was revealed that Canada’s fertility rate had fallen to just 1.25 children per woman.

In October 2024, then Canadian Prime Minister Justin Trudeau pledged to dramatically cut net migration into Canada.

Recently, Japan has witnessed a growing backlash against immigration, accompanied by protests and increasing levels of frustration on Japanese social media.

In October 2022, British newspaper The Daily Star began live-streaming a video of a head of lettuce next to a framed photo of then-Prime Minister Liz Truss after The Economist compared the expected duration of her leadership to that of the shelf life of lettuce.

China accounted for nearly one-third (31.5%) of global carbon emissions in 2023.

One of the major themes of MB over the past decade has been the emergence of fake politics.

Recently here at MacroBusiness, I explored how during the industrial revolution the investors in the stocks of American railroad companies did not see the huge returns that one might have expected, despite railroads dramatically transforming and boosting the U.S.

In the history of the industrialised world, there have been many technological innovations that have transformed the way we collectively live our lives.

Out of all nations on earth, Canada is arguably the most similar to Australia.

In the world of United States economics, it has been said that “the construction cycle is the economic cycle”.

On the 16th of June 2015, Donald Trump declared that he was going to run for the presidency of the United States.

China (31.5% share in 2023) and India (8.1% share in 2023) have driven the increase in global carbon emissions this century.

By Lucinda Jerogin, Associate Economist at CBA Australian CPI inflation surprised to the downside at 2.1%/yr in May 2025.

As the conflict in the Middle East continues, there is a strange divergence in perceptions about what may come next.

US President Donald Trump has confirmed that the United States has bombed nuclear sites in Iran BBC Reuters Al Jazeera ABC Well, it is now on for young and old.

By Lucinda Jerogin, associate economist at CBA: Real GDP surprised to the downside at 0.2%/qtr.

The Productivity Commission (PC) released a research report entitled “Productivity before and after COVID-19”, which claims that Australia experienced a ‘productivity bubble’ during the pandemic, in which measured labour productivity rose to a record high between January 2020 and March 2022 before returning to pre-pandemic levels in June 2023.

Canadian analyst Ben Rabidoux posted the below graphic on Twitter (X), asking whether Canada should place a country cap on its permanent residency intake: The graphic shows that India has dominated Canada’s permanent residency intake, with around 560,000 admissions between 2020 and 2024.