Search ResultsShowing 1 - 10 of 100+ results for "National Accounts"
Chief economist update: Expect more of the same from the BOJ
BENJAMIN ONG  |  TUESDAY, 18 JUN 2019
... 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 ...
Chief economist update: The Budget surplus can wait
BENJAMIN ONG  |  THURSDAY, 6 JUN 2019
... (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 ...
Chief economist update: Devilish details
BENJAMIN ONG  |  TUESDAY, 21 MAY 2019
... 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
... 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 ...
Chief economist update: What's the RBA waiting for?
BENJAMIN ONG  |  FRIDAY, 15 MAR 2019
... 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 ...
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 ...
Chief economist update: US economic growth is slowing and accelerating
BENJAMIN ONG  |  FRIDAY, 1 MAR 2019
... year. However, most other economies use the year-on-year growth rate and applying this to the latest US National Accounts update, America's economy continues to power on. US GDP grew by 3.1% in the year to the December 2018 quarter, up from ...
Chief economist update: BOJ exit last year, BOJ easing this year
BENJAMIN ONG  |  WEDNESDAY, 20 FEB 2019
... and investors must be wiping the sweats from their foreheads after the Cabinet Office released its latest National Accounts report and showed the country dodged a recession. Japanese GDP grew 0.3% in the December 2018 quarter following a 0.7% ...
Chief economist update: UK economy slows on Brexit woes
BENJAMIN ONG  |  TUESDAY, 12 FEB 2019
... has occurred since November." The BOE was spot on. Perhaps it's already seen in advance the UK's National Accounts report for the December 2018 quarter, perhaps not. But the point is that the British economy has indeed slowed sharply in ...
Chief economist update: A prelude to a rate cut?
BENJAMIN ONG  |  FRIDAY, 7 DEC 2018
... and thereby, act as a shock absorber to the global shocks buffeting the domestic economy. The disappointing National Accounts - where GDP slowed to an annual rate of 2.8% in the September quarter (from 3.1% in the previous one) - bears this out ...
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