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Showing 211 - 220 of 1438 results for "Recession"

Jobs return to pre-pandemic levels

ELIZA BAVIN  |  THURSDAY, 21 JAN 2021
... across the fortnight to 2 January 2021 and were 6.1% below mid-March 2020. This is a positive move in the country's recession rebound caused by lockdown measures imposed to limit the spread of COVID-19. The Reserve Bank of Australia (RBA) has long said ...

Chief economist update: Eurozone at risk of double-dip

BENJAMIN ONG  |  MONDAY, 18 JAN 2021
... longer the Eurozone takes to get on top of the resurgence, the longer the lockdowns, the greater the risk of a double-dip recession. COVID-19 infections in Europe started re-appearing and multiplying sometime around October last year. The growth in total ...

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

BENJAMIN ONG  |  FRIDAY, 15 JAN 2021
... swift, decisive and draconian measures to control the coronavirus outbreak have prevented the economy from suffering a recession that most other economies did or are still under. After contracting by 6.8% in the year to the March 2020 quarter, China's ...

Chief economist update: COVID with a vengeance

BENJAMIN ONG  |  WEDNESDAY, 13 JAN 2021
... certainty that we will be able to lift restrictions in the week commencing February 15 to 22." 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 ...

MTAA Super awards scholarships

KANIKA SOOD  |  WEDNESDAY, 23 DEC 2020
... of COVID-19. "Like many industries, Australia's auto industry has been seriously impacted by the pandemic and the recession. Many workers have had hours cut or lost access to important educational opportunities. This adds a lot of pressure to businesses ...

Hume promoted to cabinet

ANNABELLE DICKSON  |  MONDAY, 21 DEC 2020
... areas of our job-making economic plan for Australia and has become even more evident as we emerge from the COVID-19 recession." Hume was first appointed as assistant minister in 2019 following the election. She previously held positions at NAB, Rothschild ...

Chief economist update: Government spending made money, saved money

BENJAMIN ONG  |  FRIDAY, 18 DEC 2020
The Morrison government has released its Mid-Year Economic Financial Outlook (MYEFO), proving the old saying 'You must spend money to make money' right. This quote, generally attributed to Roman playwright, poet and philosopher Titus Maccius ...

Chief economist update: China turns crisis into opportunity

BENJAMIN ONG  |  TUESDAY, 8 DEC 2020
... opportunity. Makes you want to be believe those conspiracy theories, hey? Not only has China evaded the virus-induced global recession, latest international trade data reveal that it's turned this to its advantage. Strong demand for personal protective ...

Chief economist update: China keeps on going and going

BENJAMIN ONG  |  FRIDAY, 4 DEC 2020
... China for the strengthening momentum in its economy and this, after having survived the pandemic without plunging into a recession. After contracting by 6.8% in the year to the March 2020 quarter, China's GDP expanded by 3.2% in the June quarter ...

Chief economist update: Australia is out

BENJAMIN ONG  |  THURSDAY, 3 DEC 2020
... Australia has done it! There are still some naysayers but using the internationally-accepted and widely-used measure of a recession - two consecutive quarters of negative GDP growth - Australia is technically out of it. The Australian Bureau of Statistics ...