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Showing 241 - 250 of 1438 results for "Recession"

Chief economist update: The W in the second wave

BENJAMIN ONG  |  TUESDAY, 29 SEP 2020
... therefore whether the weakness of the September data will intensify into the fourth quarter, and result in a slide back into recession after a frustratingly brief rebound in the third quarter."

No evidence lower SG will result in higher wages: ACTU summit

ELIZA BAVIN  |  MONDAY, 28 SEP 2020
... super comes out of wages or that it leads to wage growth is particularly superfluous at the moment because we are in a recession," she said. "It's very hard to achieve wage growth in a recession so workers will either get the SG rise or they'll get nothing ...

Need to recalibrate the fiscal strategy: Frydenberg

ELIZA BAVIN  |  FRIDAY, 25 SEP 2020
... remain broadly comparable to earlier estimates. "So, as you can see, the changes to our economy that flow from this COVID recession will have a lasting impact on our budget position, even as our targeted policy support is unwound," he said. "Lower tax ...

Chief economist update: China's post-pandemic economy

BENJAMIN ONG  |  WEDNESDAY, 16 SEP 2020
... sequentially improved from the 24.5% drop recorded in February this year. And oh, China has also escaped a technical recession.

Chief economist update: Australia on top despite recession

BENJAMIN ONG  |  FRIDAY, 4 SEP 2020
While we, Australians all, continue to shudder at the economy's first recession in 29-years, our nation - to use Old Blue Eyes' song - remains "Top of the list, King of the hill, A number one..." It may not be Einstein's "relativity theory" ...

Chief economist update: Australia succumbs to pandemic-induced recession

BENJAMIN ONG  |  THURSDAY, 3 SEP 2020
... But as the saying goes, "nothing lasts forever". It had been more than a generation since Australia experienced "the recession we had to have" back in 1990/91. The Australian economy withstood the US savings and loan crisis of the early 1990's, the ...

Official recession not that scary: Economists

ELIZA BAVIN  |  THURSDAY, 3 SEP 2020
... the June quarter, spelling two consecutive quarters of economic contraction, officially marking the nation's first recession since 1991. The release of national accounts confirmed the Australian economy has experienced its sharpest ever three-month ...

Banks to be questioned on COVID-19 response

ELIZA BAVIN  |  WEDNESDAY, 2 SEP 2020
... interested in ensuring the nations large lenders have done all they can to support the economy during Australia's first recession since 1991. "We are also keen to hear about the consequences of mortgage and small and medium business loan deferrals, and ...

Chief economist update: AUD on the up and up

BENJAMIN ONG  |  TUESDAY, 1 SEP 2020
... monetary authorities put "extent and duration of the pandemic" caveats on their forecasts - and the global economy is in recession. The A$/US$ exchange rate ended the month of August at US$0.7396 - the highest since late 2018, a 5.2% appreciation from ...

Chief economist update: Japan economy tanks depsite looser restrictions

BENJAMIN ONG  |  THURSDAY, 27 AUG 2020
If a technical recession is defined as two successive quarters of negative growth, what do you call a period where the economy contracts for three straight quarters... and counting? Japan may have imposed less stringent coronavirus containment measures ...