Chief economist update: Australia succumbs to pandemic-induced recessionBY BENJAMIN ONG | THURSDAY, 3 SEP 2020 12:19PMAustralian economic growth contracted by 7.0% in the June quarter - the biggest fall on record since 1959 and worse than market expectations for a 5%-6% fall - that followed a 0.3% decline in the March 2020 quarter, satisfying the technical definition of a recession.
Upgrade your subscription to access this articleAnd gain access to:
And moreRead our full COVID-19 news coverage and analysis here. Related News |
Editor's Choice
Equip Super awards custody mandate
Equip Super has selected a new custodian and back-office administrator to replace NAB Asset Servicing.
SMSFs' use of advisers plummets: Research
The number of self-managed super funds (SMSFs) using advisers has reached a new low, with the proportion of SMSFs using advisers falling to 23% from 27% in the past 12 months, according to a Vanguard/Investment Trends report.
Financial services firms concerned about attracting staff
New research from Robert Half suggests 74% of the finance industry is concerned about their ability to attract and retain staff.
ASIC issues experienced pathway guidance
ASIC has released new guidance for financial advisers who could potentially qualify as experienced providers and skip further education and training.
Products
Featured Profile
Matt Gaden
HEAD OF AUSTRALIA
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
Helping investors traverse financial markets and build their wealth during the peaks and troughs is Janus Henderson Investors head of Australia Matt Gaden's game plan. He tells Karren Vergara why in this long game of investing, active management wins.