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

Search Results

Showing 121 - 130 of 696 results for "GDP growth"

The great fall of China

BENJAMIN ONG  |  MONDAY, 20 APR 2020
... Asia), it would not prevent this lucky country from registering its first recession in 28 years. China's double-digit GDP growth (at the time) shielded Australia from the Great Recession of 2008/09 and the Asian financial crisis a decade earlier. China's ...

How wealth management must respond to COVID-19

ELIZABETH MCARTHUR  |  THURSDAY, 16 APR 2020
... pandemic will continue to worsen. In the event that cases of COVID-19 continue to rise, McKinsey predicts that global GDP growth for 2020 will slow to between 0.5% and 0.9%. A slowing of the spread of the virus over the coming months, alternatively ...

Chief economist update: How deep the global recession?

BENJAMIN ONG  |  WEDNESDAY, 15 APR 2020
... that led it to take a chainsaw and lopped off 6.3% from its 2020 world economic growth forecast to minus 3.0% from GDP growth of 3.3% predicted only three months earlier. "This crisis is like no other. First, the shock is large. The output loss associated ...

Chief economist update: BOK holds as infections ease

BENJAMIN ONG  |  TUESDAY, 14 APR 2020
... fallen to its lowest level since the GFC to 56 in March from 65 in February and 76 in January. As such, the BOK expects GDP growth "to fall considerably below the February forecast of 2.1%, and uncertainties around the future path of GDP growth are also ...

Times of turmoil create opportunities: deVere

ALLY SELBY  |  WEDNESDAY, 25 MAR 2020
... economic recovery next year. "We expect near-term impact to be savage, shaving off 2 percentage points from global GDP growth," it said. "However, we anticipate a vaccine ready to be deployed by mid-to late 2021, setting the stage for a return to normality. ...

Frontier warns super fund clients of recession

KANIKA SOOD  |  FRIDAY, 20 MAR 2020
... Frontier's modelling is predicting likelihood of a recession, as defined by two successive quarters of negative GDP growth, according to a presentation sent to its clients yesterday. This is a far cry from the 2% growth expectation that Frontier ...

Chief economist update: Australian recession here we come

BENJAMIN ONG  |  WEDNESDAY, 18 MAR 2020
... Australian economy from falling into a recession when many others sank. While it's almost certain that Australian GDP growth will contract in the first quarter, the succeeding three months to June remains uncertain, depending on the progression of ...

Chief economist update: Coronaphobia sickens Japan

BENJAMIN ONG  |  MONDAY, 9 MAR 2020
... scheduled for July this year - will be cancelled. If so, the cancellation is expected to shave 0.1%-0.3% off Japan's GDP growth for FY 2020-2021. It's therefore hardly surprising that financial markets widely expect the BOJ to announce an easing ...

Chief economist update: Australia's gentle turning point to turn

BENJAMIN ONG  |  THURSDAY, 5 MAR 2020
... December 2019, up from 1.8% in the previous quarter and after five consecutive quarters of deceleration that took annual GDP growth down to 1.6% in the June 2019 quarter - the slowest pace in six years. The 0.4% increase in household consumption in the ...

Chief economist update: Who's afraid of COVID-19?

BENJAMIN ONG  |  TUESDAY, 25 FEB 2020
... sick. The IMF has downgraded its 2020 global growth forecast by 0.1 ppt to 3.2% -- led by a reduction in China's GDP growth from 6.0% to 5.6%. You call that a downgrade? Oxford Economics' latest analysis is a downgrade. Oxford sees world GDP ...