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Showing 1 - 10 of 11 results for "ScoMo"

Chief economist update: Australia's confidence contagion

BENJAMIN ONG  |  WEDNESDAY, 14 APR 2021
... the final sentence I scribbled on this space yesterday. I should have stuck with my original thought for the headline 'ScoMo removes vaccine roll-out target but no worries?' to better underline the thesis that the announcement didn't cause ...

Chief economist update: ScoMo cannot miss new vaccination target

BENJAMIN ONG  |  TUESDAY, 13 APR 2021
Some move the goalposts when they can't hit the target, but Prime Minister Scott Morrison did one better and all but abandoned his government's vaccine roll-out target. Taking to Facebook, Morrison announced on April 10 that: "The government ...

Chief economist update: The cheaper alternative

BENJAMIN ONG  |  WEDNESDAY, 25 MAR 2020
"Australia is following in the COVID-19 footsteps of the UK and experts are warning the floodgates are likely to open soon." This statement -- printed by the Australian Financial Review - talked about the rising number of infections in the UK and how ...

ScoMo launches $17b stimulus package

ALLY SELBY, ELIZA BAVIN  |  THURSDAY, 12 MAR 2020
The federal government has announced a $17.6 billion economic stimulus package, as it ramps up its efforts to dodge a coronavirus-sparked recession. It comes as the World Health Organisation regrades COVID-19 to a global pandemic, with 118,326 cases ...

Chief economist update: The rate cut Australia has to have

BENJAMIN ONG  |  TUESDAY, 4 JUN 2019
Reserve Bank of Australia governor Philip Lowe is set to be remembered in history as the man who took Australia's official cash rate from a historic low of 1.5% - set under Glen Stevens one month before he stepped down as RBA head honcho in September ...

Chief economist update: Fairy tales can come true

BENJAMIN ONG  |  MONDAY, 20 MAY 2019
... expectations that the trade war escalation between the US and China would prompt greater stimulative policy responses from Beijing. ScoMo will get to have his cake and eat it too!

Chief economist update: We're headed for surplus (if assumptions hold)

BENJAMIN ONG  |  WEDNESDAY, 9 MAY 2018
... itself in this year - but with Trump and his trade agitations, coupled with indications of slowing global growth momentum, ScoMo should be prepared to be disappointed.

Chief economist update: Budget surplus can wait

BENJAMIN ONG  |  TUESDAY, 8 MAY 2018
... by $6.7bn. This improvement translates to underlying cash deficits of $16.6bn in 2017-18 and $13.3bn in 2018-19." These, ScoMo, in all his graciousness, will be spent on company and personal income taxes, spending on infrastructure and health and aged ...

A one-handed clap for ScoMo's Budget

BENJAMIN ONG  |  TUESDAY, 23 MAY 2017
... 5.75% projected in the Budget 2017-18 papers. But the latest labour market report could be a case of one hand clapping for ScoMo for the details showed that employment increased by less than the expected 37,400 heads in April - expectations were for ...

Australian economy proceeding according to projections

BENJAMIN ONG  |  TUESDAY, 9 MAY 2017
... to the Reserve Bank of Australia's (RBA) optimism over the economic outlook and at the same time afford federal treasurer ScoMo the right to give Moody's recent warning the one finger salute. Moody's Investor Services reportedly issued the warning ahead ...
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