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Showing 101 - 110 of 528 results for "Economic outlook"

Chief economist update: Government spending made money, saved money

BENJAMIN ONG | FRIDAY, 18 DEC 2020

... MYEFO said. "The change in the deficit since the 2020-21 Budget has primarily been driven by improvements in the economic outlook, including higher-than-expected receipts and a lower-than-expected number of people receiving the JobKeeper Payment. This ...

Chief economist update: Fed acts with inaction

BENJAMIN ONG | THURSDAY, 17 DEC 2020

... to weigh on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook over the medium term," the Fed said. Fed officials appear to be leaning on the side of the vaccine. To be sure, recent indicators ...

Chief economist update: David Australia versus Goliath China

BENJAMIN ONG | WEDNESDAY, 2 DEC 2020

... 2022," the RBA said. The Australian central bank's optimism was almost immediately backed up by the 'OECD Economic Outlook, December 2020' report released on the same day that upgraded the country's growth forecast to a 3.8% contraction ...

Chief economist update: Vaccine optimism sparks AUD resurgence

BENJAMIN ONG | WEDNESDAY, 18 NOV 2020

... containment of the second wave (notwithstanding fresh reports of infections in South Australia) has improved domestic economic outlook. Reserve Bank of Australia (RBA) governor Philip Lowe thought as much. In his address at the annual dinner of the Committee ...

Chief economist update: Middle Kingdom on top

BENJAMIN ONG | TUESDAY, 20 OCT 2020

... less than market expectations for a 5.2% print but it affirms the OECD's statement in its September 2020 Economic Outlook Interim Report that, "All G20 countries with the exception of China will have suffered recession in 2020" and backed by the ...

AAA rating holds on by a thread

ELIZA BAVIN | WEDNESDAY, 7 OCT 2020

... largely been eased outside of Victoria, except for a modest tightening in New South Wales, which should support the economic outlook." The ratings agency said it expects interstate and international travel restrictions to remain in place, which will ...

Ratings deteriorate at AMP

ALLY SELBY | FRIDAY, 2 OCT 2020

... downgrade considers the impact of AMP Group's governance on its credit profile, it said. "We expect the uncertain economic outlook and coronavirus-related early withdrawal of superannuation funds will continue to constrain the group's ability to attract ...

Chief economist update: Pandemic, what pandemic?

BENJAMIN ONG | THURSDAY, 1 OCT 2020

... from succumbing to the recession that has struck most nations around the world. As the OECD's September 2020 Economic Outlook Interim Report puts it: "All G20 countries with the exception of China will have suffered recession in 2020." Chinese GDP ...

Chief economist update: Australia's third arrow

BENJAMIN ONG | WEDNESDAY, 30 SEP 2020

... dodging the pandemic-induced global recession and expected to expand by 1.8% this year and by 8.0% in 2021 (OECD Economic Outlook, Interim Report September 2020), it'll go shopping for more of our exports, not only goods but also services - when ...

Chief economist update: The W in the second wave

BENJAMIN ONG | TUESDAY, 29 SEP 2020

... recovery in the Eurozone. This was underscored by the OECD and the IMF's June 2020 projections. The 'OECD Economic Outlook, June 2020' report showed the Eurozone economy advancing by 6.5% (single-hit scenario) or by 3.5% (double-hit) - outperforming ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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