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Showing 21 - 30 of 210 results for "National Accounts"

Chief economist update: Australian economy gently turning which way?

BENJAMIN ONG  |  THURSDAY, 5 DEC 2019
... have reached a gentle turning point". Sadly, that's as good as it gets as the details of the Australian National Accounts provide sobering reading. At the margin, the country's GDP growth rate has slowed to 0.4% in the three months to September ...

Chief economist update: Economy slows to decade low but still tops the pops

BENJAMIN ONG  |  THURSDAY, 5 SEP 2019
... and self-congratulatory remarks this time from Australia's Prime Minister and Treasurer for the Australian National Accounts show that it wasn't a "wonderful set of numbers". Instead, with economic growth slowing to 1.4% in the year to the June ...

Chief economist update: Will Australia avoid another global recession?

BENJAMIN ONG  |  FRIDAY, 16 AUG 2019
... the June quarter of 1991) with us, Australians all, merely waiting for the June quarter 2019's official National Accounts report that's expected to remain positive. What happens after that is anybody's guess! Still, recent survey and eco ...

Chief economist update: The UK is not OK

BENJAMIN ONG  |  MONDAY, 12 AUG 2019
... Johnson assumed office as UK Prime Minister on July 24. The only positive that could be inferred from the latest National Accounts is that it reinforces the BOE's view that recent UK data had been volatile and that it's payback for the strong ...

Chief economist update: Expect more of the same from the BOJ

BENJAMIN ONG  |  TUESDAY, 18 JUN 2019
... mainly due to a 0.4 percentage point contribution from net exports. Great! Except that a look at Japan's National Accounts show exports subtracted 0.4 points (down 2.4% in the March quarter) while the sharp 4.6% drop in imports contributed 0.9 percentage ...

Chief economist update: The Budget surplus can wait

BENJAMIN ONG  |  THURSDAY, 6 JUN 2019
... Australia's (RBA) decision to cut interest rates to a record low of 1.25% just a day before the Australian National Accounts were released. While the RBA's rate reduction would certainly help, note that the RBA monetary policy transmission mechanism ...

Chief economist update: Devilish details

BENJAMIN ONG  |  TUESDAY, 21 MAY 2019
... numbers were released. But is it? As always, the devil is in the details and the details are devilish. Japan's National Accounts show net exports accounted for 0.4 percentage points of the 0.5% growth in the March quarter. Nothing wrong with this ...

Chief economist update: Aussie property price falls become self-fulfilling

BENJAMIN ONG  |  MONDAY, 8 APR 2019
... Outlook. Back then the fund predicted growth would come in at 3.2% in 2018 before cooling to 2.8%. Official ABS national accounts published last month showed annual growth in 2018 came in materially lower at 2.8%." I would have to agree. This is because ...

Chief economist update: What's the RBA waiting for?

BENJAMIN ONG  |  FRIDAY, 15 MAR 2019
... all had a negative bearing on the Australian economic outlook. This is no better depicted than by the recent National Accounts update showing the slowdown in Australian GDP growth - to 2.3% in the December 2018 quarter (the slowest since the September ...

Chief economist update: Cash rate should be 1%

BENJAMIN ONG  |  THURSDAY, 7 MAR 2019
The Australian economy has slowed - big time. The Australian Bureau of Statistics' (ABS) National Accounts report showed that GDP grew by a mere 0.2% in the December 2018 quarter from 0.3% in the previous three-month period, taking the annual growth ...