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Showing 131 - 140 of 1371 results for "Recession"

Chief economist update: COVID-19 causes double-dip

BENJAMIN ONG  |  MONDAY, 3 MAY 2021
The Eurozone is back - back in recession, that is, dragged down into a double-dip by the coronavirus -- its resurgence (third time unlucky), its variants and the slow pace of vaccinations. Preliminary estimates released by Eurostat show the single-currency ...

Chief economist update: What a difference an Australian year makes

BENJAMIN ONG  |  MONDAY, 22 MAR 2021
... surplus. That was until the coronavirus got its first bite at Australia, sending the economy falling to its first-ever recession in 29 years that sent the unemployment rate up to 7.5% -- the highest level in two years and two months. The economic contraction ...

Chief economist update: When 6%-plus growth is deemed too low

BENJAMIN ONG  |  FRIDAY, 19 MAR 2021
... this isn't consistent with China being the only major economy that has come out of the COVID-19 pandemic without a recession and with positive economic growth in 2020. After contracting by 6.8% in the year to the March 2020 quarter, the economy advanced ...

Chief economist update: Japan to double down on stimulus?

BENJAMIN ONG  |  MONDAY, 15 MAR 2021
... 1980s-early 1990s proved to be five minutes of sunshine. Japan's economy has risen and fell through the 1990-91 recession, the 1997 Asian financial crisis, the 2001 US recession, the 2007-2009 Great Recession, the 2010-2012 European sovereign debt ...

ERS disproportionately impacted women

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 MAR 2021
According to analysis from Rest, the "pink recession" might have been exacerbated by the government's early release of super program. More than half a million women accessed their super early as part of the scheme. Industry super fund Rest, which has ...

Chief economist update: OECD sees stronger growth ahead

BENJAMIN ONG  |  WEDNESDAY, 10 MAR 2021
The year 2021 is shaping up to be a mirror image of the year that preceded it - annus horribilis 2020 - when economic growth forecasts were being sliced as the coronavirus epidemic that started in China turned into a pandemic of biblical proportions. ...

US upbeat on stimulus, vaccination

KARREN VERGARA  |  THURSDAY, 4 MAR 2021
... September 2021, when most Americans receive their vaccinations, the country will emerge from the coronavirus-induced recession. In the meantime, however, the US$1.9 trillion stimulus plan proposed by President Joe Biden in February will have a critical ...

Financial services sees improved mental health

ELIZA BAVIN  |  MONDAY, 15 FEB 2021
... appears to be rallying and recovering from within, with its people in demand throughout the pandemic and subsequent recession," she said. "During the height of the pandemic, the industry embraced the challenge of providing much-needed support to customers ...

SG rise a bad idea: Chartered Accountants

ELIZABETH MCARTHUR  |  MONDAY, 15 FEB 2021
... guarantee should not rise from 9.5% to 12%. "Since the last election, there has been a global pandemic, the first Australian recession in 29 years, our highest unemployment in 20 years, record stagnancy in wage growth, and the world falling apart at ...

Chief economist update: Light at the end of the Euro tunnel

BENJAMIN ONG  |  FRIDAY, 12 FEB 2021
It's beginning to look a lot like the Eurozone economy wouldn't be able to dodge a double-dip recession given tighter and/or extended coronavirus restrictions and lockdowns remain in place in many of its member countries. Eurozone GDP fell into ...