Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 101 - 110 of 1782 results for %22UK GDP%22

Chief economist update: OECD upgrades global growth but advises continued policy support

BENJAMIN ONG  |  TUESDAY, 1 JUN 2021
... expansion of the coronavirus vaccine roll-out and the massive fiscal stimulus in the United States. The OECD predicts global GDP to grow by 5.8% this year and by 4.4% in 2022. This compares with the 5.6% and 4.0%, respectively, it forecast in March and ...

Chief economist update: The UK's going OK

BENJAMIN ONG  |  MONDAY, 31 MAY 2021
... slow bond purchases to £3.4 billion a week between May and August, from £4.4 billion based on revised estimates for GDP growth to expand by 7.25% -- the fastest rate since World War II - this year from the February 2021 estimate of 5.0% and for ...

Chief economist update: Victoria's victory against the virus voided

BENJAMIN ONG  |  FRIDAY, 28 MAY 2021
... to the state economy and, by extension, the whole of Australia (Victoria accounts for around 25% of the country's total GDP). Citing the 'Australian Financial Review' (AFR), Factset reports that, "Business leaders estimate that Victoria's ...

Chief economist update: RBNZ will run out of patience next year

BENJAMIN ONG  |  THURSDAY, 27 MAY 2021
... quarter of next year. This is because New Zealand's economic narrative is getting brighter. While the central expects GDP to have contracted in the first quarter of 2021 on the back of weaker domestic consumption and poor tourist arrivals during ...

Keep COVID-19 in perspective: Panel

ELIZABETH MCARTHUR  |  TUESDAY, 18 MAY 2021
... owner of IBISWorld and the Ruthven Institute, Phil Ruthven showed the audience a chart demonstrating the growth of global GDP every two years since 1940. It showed that World War Two, the Global Financial Crisis and COVID-19 were the only worldwide recessions ...

Chief economist: The path to normality

BENJAMIN ONG  |  TUESDAY, 18 MAY 2021
... 5.3% in the previous month and 6.2% in February 2020. At any rate, it appears that China will hit this year's target of "GDP growth of over 6% for 2021" - a low target compared with consensus expectations for around 8.0% growth.

Chief economist update: Frydenberg spends big

BENJAMIN ONG  |  WEDNESDAY, 12 MAY 2021
... unemployment benefits." The government's underlying budget deficit might still be an eye-watering $161.0 billion (7.8% of GDP) this fiscal year but it's a lot less than ($52.7 billion to be exact) than $213.7 billion (11% of GDP) forecast October ...

Personal, business tax cuts revealed

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
... we announced in last year's budget and the budgets before that." Treasury estimates that extending the LMITO will boost GDP by around $4.5 billion in 2022/23 and will create an additional 20,000 jobs by the end of 2022/23. The Personal Income Tax ...

Australia is coming back: Frydenberg

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
... expects the cash balance to improve to a deficit of $57 billion by 2024/25. Net debt will increase to $617.5 billion or 30.0% of GDP this year and peak at $980.6 billion or 40.9% of GDP in June 2025, which the government says is low by international ...

Housing market reaches new heights

ANNABELLE DICKSON  |  FRIDAY, 7 MAY 2021
... CoreLogic head of research Eliza Owen said. "This puts Australian residential property at around four times the size of Australian GDP, and around $1 trillion more than the combined value of the ASX, superannuation and commercial real estate stock combined." ...