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

Search Results

Showing 141 - 150 of 1783 results for %22US GDP%22

Chief economist update: Red metal turning red hot

BENJAMIN ONG  |  TUESDAY, 16 FEB 2021
The latest GDP growth updates show that the world's major economies remain in contraction (in year-on-year terms) at the end of 2020 and despite the roll-out of vaccines, the COVID-19 pandemic (and now its variants) remain with us, triggering stop-and-go ...

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

BENJAMIN ONG  |  FRIDAY, 12 FEB 2021
... given tighter and/or extended coronavirus restrictions and lockdowns remain in place in many of its member countries. Eurozone GDP fell into recession in the first half of 2020, contracting by 3.7% in the first quarter and 11.7% in the second (lucky ...

Chief economist update: Nikkei not so fine

BENJAMIN ONG  |  TUESDAY, 9 FEB 2021
... they're claimed to be. With the government's pandemic fiscal stimulus measures the highest on the planet - 42.2% of GDP as of last count - economic recovery awaits. Sadly, latest stats indicate this is not the case. The fall in Japan's average ...

Chief economist update: Disappointing jobs results raise Biden's stimulus bid

BENJAMIN ONG  |  MONDAY, 8 FEB 2021
... strengthens Joe Biden's bid to deliver his US$1.9 trillion stimulus package. And it will pack a punch. As per IMF 2020 nominal GDP estimates, this is equivalent to the total national output of Australia and Sweden combined with the island country ...

Chief economist update: NIRP embedded in BOE forecasts

BENJAMIN ONG  |  FRIDAY, 5 FEB 2021
... domestic product is projected to recover strongly from the second quarter of 2021, towards pre-Covid levels." The BOE forecasts GDP to contract by 4.2% in the March 2021 quarter before recovering in the following three quarters to end with a 5% expansion ...

Chief economist update: RBA extends QE

BENJAMIN ONG  |  WEDNESDAY, 3 FEB 2021
... significant fiscal and monetary support," Lowe said. "The recovery is expected to continue, with the central scenario being for GDP to grow by 3.5% over both 2021 and 2022. GDP is now expected to return to its end-2019 level by the middle of this year." ...

Chief economist update: Taper talks are premature

BENJAMIN ONG  |  FRIDAY, 29 JAN 2021
... months, "with weakness concentrated in the sectors most adversely affected by the pandemic". True that. The first estimate of US GDP showed an annualised growth rate of 4.0% which is slower than market expectations for a 4.2% gain. In addition, the year-on-year ...

Chief economist update: Inflation lifted by smokers with young children and homebuilders

BENJAMIN ONG  |  THURSDAY, 28 JAN 2021
... wouldn't be in a rush to lift interest rates soon despite its optimistic outlook on the economy backed by the rebound in GDP in the third quarter and the better than predicted fall in the country's unemployment rate. Australian GDP grew by 3.3% ...

Chief economist update: Prepare for lift off

BENJAMIN ONG  |  WEDNESDAY, 27 JAN 2021
... India's economic growth to strengthen sharply. While a downgrade from its October forecasts, the IMF now sees Chinese GDP jumping by 8.1% in 2021 and 5.6% in 2022. It expects the Indian economy to recover from an 8.0% contraction in 2020 to 11.5% ...

Waste key to economic recovery: CSIRO

ELIZA BAVIN  |  MONDAY, 25 JAN 2021
... sent to landfill," the CSIRO said. "Increasing Australia's recovery rate by just 5% would add an estimated $1 billion to GDP." The report suggested the Australian Government's ban on the export of waste last year created an opportunity for a ...