Future uncertain as US says war on Iran has ‘only just begun'

The joint US-Israel war on Iran could have serious, lasting impacts on the global economy.

On this episode of Dollars & Sense, Greg and Skye discuss the economic impact of the illegal US-Israel war on Iran, the latest Australian GDP data, and why the Reserve Bank seems to want more Australians to be unemployed.

This discussion was recorded on Thursday 5 March 2026.

What we owe the water: It's time for a fossil fuel treaty by Kumi Naidoo, is available now for just $19.95. Use the code 'PODVP' at checkout to get free shipping.

You can also subscribe to the Vantage Point series to get four essays a year on some of the most pressing issues facing Australia and the world.

Host: Greg Jericho, Chief Economist, the Australia Institute // @grogsgamut

Host: Skye Predavec, Researcher, the Australia Institute // @skyelark

Show notes:

Australia’s GDP growth is partly due to government spending. So why isn’t the Coalition complaining? by Greg Jericho, Guardian Australia (March 2026)

The US and Israel attack Iran, foment chaos, After America, the Australia Institute (March 2026)

ACTU plan would fix gas policy mess and raise $12.5b for Australians, the Australia Institute (August 2025)

Tax: Beer drinkers vs gas companies by Rod Campbell, the Australia Institute (February 2026)

Theme music: Blue Dot Sessions

We’d love to hear your feedback on this series, so send in your questions, comments or suggestions for future episodes to podcasts@australiainstitute.org.au.

Support Australia Matters: https://nb.australiainstitute.org.au/donate

See omnystudio.com/listener for privacy information.

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