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Showing 131 - 140 of 1383 results for %22GDP growth%22

Chief economist update: COVID-19 returns to Europe with a vengeance

BENJAMIN ONG  |  MONDAY, 19 OCT 2020
... have been hit by intensifying virus concerns". At its September meeting, the European Central Bank (ECB) forecast Eurozone GDP contracting by 8% in 2020 - better than the 8.7% slump predicted in June. Growth projections for the year 2021 and 2022 were ...

AAA rating holds on by a thread

ELIZA BAVIN  |  WEDNESDAY, 7 OCT 2020
... drivers of the revised outlook were the sharp GDP contraction and the deterioration of public finances. "Fitch's latest GDP growth forecast of -3.6% reflects the resurgence of the virus in Victoria that has resulted in heightened social distancing measures ...

Chief economist update: Splish splash, budget cash

BENJAMIN ONG  |  WEDNESDAY, 7 OCT 2020
... Treasury's cash splash. This is underscored by the Budget estimates. While the underlying cash deficit would erode from 4.3% of GDP in the 2019/20 fiscal year to 11.0% this year, the government's largesse would enable Australia's fiscal balances ...

Chief economist update: The W in the second wave

BENJAMIN ONG  |  TUESDAY, 29 SEP 2020
... average of 4.8% (single-hit) or 2.2% (double-hit). The IMF's projections send the same message. It expects Eurozone GDP growth to bounce back by 6.0% in 2021, stronger than the 4.8% recovery in advanced economies. The sharp recovery in the IHS Markit ...

Need to recalibrate the fiscal strategy: Frydenberg

ELIZA BAVIN  |  FRIDAY, 25 SEP 2020
... of the pandemic than forecast in the 2019-20 MYEFO, both in real and nominal terms." Frydenberg said in the near-term, real GDP is forecast to grow strongly, but will come off a lower base. By the end of 2020-21, Frydenberg said Australia's real economy ...

Chief economist update: Yoshihide and the yen

BENJAMIN ONG  |  MONDAY, 21 SEP 2020
... economy to slowly recover. Latest indicators show that Japan's past its worst - i.e. the worst economic slump on record with GDP collapsing at an annual rate of 28.1% in the June quarter. Worse than worst is this followed two quarters of negative ...

The future of infrastructure is digital: Macquarie

ELIZA BAVIN  |  FRIDAY, 18 SEP 2020
... users," he said. "Digital infrastructure assets, as we work through the pandemic, are not seeing that general correlation with GDP; people aren't watching Netflix less because of the pandemic. If anything, data volumes are accelerating." Kuchel said ...

Chief economist update: Zero beyond 2023

BENJAMIN ONG  |  THURSDAY, 17 SEP 2020
... show PCE price inflation reaching the inflation target of 2% three years from now. The Fed's latest forecasts show GDP growth contracting by less this year (-3.7% versus -6.5% projected in June) but at the expense of a slower pick up in the following ...

Chief economist update: China's post-pandemic economy

BENJAMIN ONG  |  WEDNESDAY, 16 SEP 2020
... government's spending measures. Statista.com figures show the Chinese government's fiscal stimulus packages amounted to 7% of GDP as at July 2020 - less than Japan's 21.1%, America's 13.2%, Australia's 10.6% or Germany's 8.9%. ...

Chief economist update: Global healing?

BENJAMIN ONG  |  MONDAY, 14 SEP 2020
... 27,000 manufacturing and services companies, in over 40 countries that account "for 89% of global gross domestic product (GDP)". The latest reading from the survey showed the composite index rising to a reading of 52.4 in August - the highest level since ...