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Showing 151 - 160 of 1384 results for %22GDP growth%22

Chief economist update: A tiny bug takes down the largest economy

BENJAMIN ONG  |  FRIDAY, 31 JUL 2020
... measure has America's economy sinking by a record minus 32.9%. According to the BEA: "The second-quarter decrease in real GDP reflected decreases in consumer spending, exports, inventory investment, business investment, and housing investment that ...

Chief economist update: Cheaper prices not a bargain

BENJAMIN ONG  |  THURSDAY, 30 JUL 2020
... given the relative deviations of inflation (1.25% average of trimmed mean and weighted median) from target (2.0%-3.0%), GDP growth (1.4% in Q1 2020) from potential (2.75%) and the neutral cash rate (1.25%), the nominal official cash rate should now be ...

Chief economist update: No Karens in China

BENJAMIN ONG  |  TUESDAY, 28 JUL 2020
... policy stimulus measures) has already produced kind results. It has saved the economy from a technical recession - GDP growth rebounded by 11.5% in the June quarter (3.2% year-on-year), more than offsetting the 10.0% contraction (minus 6.8% y-o-y) in ...

Government announces $184bn deficit

ELIZA BAVIN  |  FRIDAY, 24 JUL 2020
... decisively to provide economic support for workers, households and businesses of around $289 billion or the equivalent of 14.6% of GDP," they said. "This necessary and unprecedented level of economic support, coupled with declines in taxation receipts ...

Chief economist update: Australian outlook under COVID-19

BENJAMIN ONG  |  FRIDAY, 24 JUL 2020
... provided calendar year forecasts, comparing apples with apples, the OECD's economic outlook report puts Australian GDP growth (or should I say contraction) this year only second smallest to South Korea among the G20 - 5.0% (single hit); 6.3% (double-hit). ...

Aussie equities stage recovery

ELIZA BAVIN  |  TUESDAY, 21 JUL 2020
... drop by 4.9% this year, after an estimated expansion of 2.9% in 2019. The OECD was more pessimistic, forecasting world GDP growth to contract between 6.0% (under a single-hit scenario) and 7.6% (under a double-hit scenario). The report said monetary ...

Chief economist update: China recovery would have been good for Oz

BENJAMIN ONG  |  MONDAY, 20 JUL 2020
... China's first out. The unfreezing of the economy has lifted indicators of economic activity. Let us count the ways: China's GDP expanded by 3.2% in the year to the June quarter following the previous quarter's 6.8% contraction and better ...

Aussie banks set to underperform

ALLY SELBY  |  THURSDAY, 16 JUL 2020
... believes these numbers are only going to worsen. "Clearly, Victoria changes the economic picture; it's going to defer GDP growth, it is going to hurt unemployment," he said. "And so the risk of higher provisions and bad debts for the banks has also ...

Chief economist update: The post-pandemic problem

BENJAMIN ONG  |  THURSDAY, 2 JUL 2020
... by 4.9% this year (after an estimated expansion of 2.9% in 2019). The OECD was more pessimistic, forecasting world GDP growth to contract between 6.0% in 2020 (under a single-hit scenario) and 7.3% (under a double-hit scenario). As such, central banks ...

At least $70bn more in stimulus needed: Grattan

KANIKA SOOD  |  MONDAY, 29 JUN 2020
... employment, a new report from Grattan Institute says. The $70 billion to $90 billion required accounts for 3% to 4% of the GDP. And it is on top of the $160 billion that the federal and state governments have already spent so far. But it is needed to ...