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Showing 271 - 280 of 1882 results for "GDP"

Chief economist update: China's vote for US president

BENJAMIN ONG  |  THURSDAY, 5 NOV 2020
... 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. Latest PMI surveys indicate ...

Chief economist update: RBA does the limbo rock

BENJAMIN ONG  |  WEDNESDAY, 4 NOV 2020
... factored in these latest reductions in upgrading its forecasts. "In Australia, the economic recovery is under way and positive GDP growth is now expected in the September quarter, despite the restrictions in Victoria. It will, however, take some time ...

Chief economist update: Not out of the woods

BENJAMIN ONG  |  FRIDAY, 30 OCT 2020
... in history with the sharpest recovery on record. The US Bureau of Economic Analysis (BEA) reported that the country's GDP increased at annualised rate of 33.1% in the September 2020 quarter following the previous quarter's 31.4% decline, beating ...

Chief economist update: The recession is over

BENJAMIN ONG  |  WEDNESDAY, 28 OCT 2020
... Australian economy fulfilled the technical definition of a recession - two consecutive quarters of negative growth - when GDP contracted by 0.3% in the March 2020 quarter and plunged by 7.0% in the following quarter. A positive growth in September, no ...

Chief economist update: Good or bad news is good Wall Street news

BENJAMIN ONG  |  THURSDAY, 22 OCT 2020
... 28.4% surged so far this year goes against all logic considering the state of the US economy which is in deep recession - GDP contracted at an annualised rate of 5.0% in the March 2020 quarter and a record 31.4% in the second quarter - and, although ...

Chief economist update: Japan's second wave

BENJAMIN ONG  |  WEDNESDAY, 21 OCT 2020
... from -17 in the previous one (also an 11-year low). But with a hole as deep as the 28.1% annualised rate of contraction in GDP in the June quarter - the worst on record -- the fresh prime minister of Japan has his work cut out for him. The severity of ...

Chief economist update: Middle Kingdom on top

BENJAMIN ONG  |  TUESDAY, 20 OCT 2020
... to redirect its focus and resources on sustaining and strengthening the economic recovery. It's on its way. China's GDP expanded by 4.9% in the year to the September quarter, strengthening from the June quarter's growth of 3.2% which itself ...

Chief economist update: COVID-19 returns to Europe with a vengeance

BENJAMIN ONG  |  MONDAY, 19 OCT 2020
... have been hit by intensifying virus concerns". At its September meeting, the European Central Bank (ECB) forecast Eurozone GDP contracting by 8% in 2020 - better than the 8.7% slump predicted in June. Growth projections for the year 2021 and 2022 were ...

Chief economist update: Budget me this Batman

BENJAMIN ONG  |  MONDAY, 12 OCT 2020
... precious few worrying about the implications of the Morrison government's historic fiscal expenditure - amounting to 11% of GDP this fiscal year -- on the nation's debt - that would reach more than a trillion A-dollars over the next three years ...

AAA rating holds on by a thread

ELIZA BAVIN  |  WEDNESDAY, 7 OCT 2020
... spending in response to the health and economic crisis will cause large fiscal deficits and a sharp increase in government debt/GDP." Despite the revised outlook, Australia will hold on to its AAA rating for the time being, Fitch said, because of the ...