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Showing 151 - 160 of 1784 results for %22US GDP%22

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 ...

Chief economist update: Iron ore is hot

BENJAMIN ONG  |  WEDNESDAY, 20 JAN 2021
... before. The rise in iron ore is largely due to China's - the world's biggest consumer - strengthening economy. Chinese GDP expanded by 6.5% in the year to the December 2020 quarter - better than consensus expectations for a 6.1% gain and accelerating ...

Chief economist update: Japan's second state of emergency

BENJAMIN ONG  |  TUESDAY, 19 JAN 2021
... was put in place. This, along with fiscal and monetary policy support, has allowed the economy to slowly recover. Japanese GDP surged at an annualised rate of 22.9% in the September quarter (from a 29.2% plunge in the previous three-month period); it's ...

Chief economist update: Yuan the victim of China's success

BENJAMIN ONG  |  FRIDAY, 15 JAN 2021
... most other economies did or are still under. After contracting by 6.8% in the year to the March 2020 quarter, China's GDP expanded by 3.2% in the June quarter and strengthened even more to 4.9% in the September quarter. The latest data shows the ...

Chief economist update: China on my mind

BENJAMIN ONG  |  THURSDAY, 14 JAN 2021
... and monetary support provided a parachute to falling domestic economic activity so much so the Treasury upgraded its 2020-21 GDP growth forecast to an expansion of 0.75% (MYEFO) from a contraction of 1.5% foreseen in the October Budget - leading to a ...

Chief economist update: COVID with a vengeance

BENJAMIN ONG  |  WEDNESDAY, 13 JAN 2021
... This risks of another recession in the UK so soon after the economy's 16.0% recovery in the September quarter, following GDP contractions of 3.0% in the first quarter of 2020 and 18.8% in the second. To mitigate the fallout, Chancellor Rishi Sunak ...

Chief economist update: Government spending made money, saved money

BENJAMIN ONG  |  FRIDAY, 18 DEC 2020
... The proof has been found in the pudding in the Australian government's budget update, MYEFO, with the upward revision in GDP growth forecasts and downward revisions in the outlook for the unemployment rate and future budget deficits. Spend and intervened ...

Chief economist update: Fed acts with inaction

BENJAMIN ONG  |  THURSDAY, 17 DEC 2020
... PMI survey, the economy is still expanding. This backs up the Fed's latest economic projections, where it upgraded its GDP growth forecasts to -2.4% in 2020 (from -3.7% forecast in September), +4.2% in 2021 (from 4.0%), and 3.2% in 2022 (from 3.0%). ...

Chief economist update: An extra mile for a deal

BENJAMIN ONG  |  MONDAY, 14 DEC 2020
... (FTA) between Canada and the EU. The British government's own modelling suggests that under such an accord, Britain's GDP will be 5% lower in 15 years than it would have been had the country stayed in the EU. With no deal, the cost rises to 8%. ...

Chief economist update: Japan's five minutes of sunshine

BENJAMIN ONG  |  WEDNESDAY, 9 DEC 2020
... rebounded in the Land of the Rising Sun from the depths of the huge contraction recorded in the June 2020 quarter. Japanese GDP surged at an annualised rate of 22.9% in the September quarter (from a 29.2% plunge in the previous three-month period); it's ...