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Showing 241 - 250 of 302 results for "Real GDP"

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BENJAMIN ONG  |  FRIDAY, 26 JUN 2009
... talking heads found one hundred reasons and one for the market's rebound. From the upward revision in US first quarter real GDP to US Federal Reserve Ben Bernanke's testimony before the House Oversight Committee through to the IMF and the OECD raising ...

Good news in inaction

BENJAMIN ONG  |  TUESDAY, 9 JUN 2009
... Eurozone also kept the ECB at bay this month. Interest rates remained unchanged at one per cent after its meeting. Although real GDP contracted by 2.5 per cent in the March quarter, Europeans are cheerier. Measures of consumer, economic and industry ...

Goldilocks Budget 2009

BENJAMIN ONG  |  WEDNESDAY, 13 MAY 2009
... the International Monetary Fund's (IMF) projection of a 1.3 per cent fall. In the fiscal year to June 1991, Australian real GDP declined by 1.6 per cent. The good times brought about complacency and profligacy in all of us - including the government. ...

Beware the Budgets

BENJAMIN ONG  |  MONDAY, 11 MAY 2009
... previous deep recessions, the US economy suffered its biggest contraction in the first quarter of 1958. At the time, real GDP plummeted by 3.1 per cent. The unemployment rate increased by 2.5 per cent from an average of 4.3 per cent in 1957 to 6.8 per ...

The good in the bad news

BENJAMIN ONG  |  THURSDAY, 30 APR 2009
... deeper into the recessionary hole in the first quarter of this year. The US Commerce Department's first estimate of US real GDP showed the economy contracted at annualised rate of 6.1 per cent in the period from January to March 2009 - worst than market ...

Sellers beware

BENJAMIN ONG  |  WEDNESDAY, 15 APR 2009
... been de-stocking at a faster rate in the first quarter than the one before. This will be a negative for first quarter US real GDP growth. But we knew and expected all along that the first three months of 2009. So what gives? What gives is that the faster ...

Forecasting foibles

BENJAMIN ONG  |  WEDNESDAY, 1 APR 2009
... from 4.9 percent in 2007.' Hmmm...global growth will slow just a few notches in 2008, eh? Actual fourth quarter 2008 real GDP growth figures show many, if not most, economies severely in recession. The IMF's forecast was clouded by the boom of previous ...

GFC in a fortnight

BENJAMIN ONG  |  MONDAY, 2 MAR 2009
... over the past fortnight provided further confirmation of the worsening economic situation. The second estimate of US real GDP showed the economy shrinking by 1.6 per cent in the fourth quarter (originally reported as a 0.18 per cent contraction). Or ...

Drinking is bad

BENJAMIN ONG  |  WEDNESDAY, 18 FEB 2009
... wrangling to stop and a compromise reached before it can be implemented. The sharp 3.3 per cent contraction in Japanese real GDP growth in the fourth quarter of last year prompted the government to propose another 20 trillion yen in additional spending ...

Biggest Loser Part 2

BENJAMIN ONG  |  TUESDAY, 17 FEB 2009
... subject to two more revisions. Recent data out of America suggests that the IMF forecasts of a 1.6 per cent decline in real GDP for 2009 might also need to be downgraded. I have said many times over the past few months that the longer the global financial ...