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Showing 281 - 290 of 1882 results for "GDP"

Chief economist update: Splish splash, budget cash

BENJAMIN ONG | WEDNESDAY, 7 OCT 2020

... Treasury's cash splash. This is underscored by the Budget estimates. While the underlying cash deficit would erode from 4.3% of GDP in the 2019/20 fiscal year to 11.0% this year, the government's largesse would enable Australia's fiscal balances ...

Government declares record deficit, super reforms

JAMIE WILLIAMSON | TUESDAY, 6 OCT 2020

... debt will increase to $703 billion, or 36% of gross domestic product, this year. This will peak at $966 billion or 44% of GDP in June 2024, he said. "This is a heavy burden, but a necessary one to responsibly deal with the greatest challenge of our time," ...

Chief economist update: Pandemic, what pandemic?

BENJAMIN ONG | THURSDAY, 1 OCT 2020

... Outlook Interim Report puts it: "All G20 countries with the exception of China will have suffered recession in 2020." Chinese GDP grew by 3.2% in the year to the June quarter after contracting by 6.8% in the first. Recent stats indicate the economy continuing ...

Chief economist update: The W in the second wave

BENJAMIN ONG | TUESDAY, 29 SEP 2020

... growth average of 4.8% (single-hit) or 2.2% (double-hit). The IMF's projections send the same message. It expects Eurozone GDP growth to bounce back by 6.0% in 2021, stronger than the 4.8% recovery in advanced economies. The sharp recovery in the ...

Need to recalibrate the fiscal strategy: Frydenberg

ELIZA BAVIN | FRIDAY, 25 SEP 2020

... of the pandemic than forecast in the 2019-20 MYEFO, both in real and nominal terms." Frydenberg said in the near-term, real GDP is forecast to grow strongly, but will come off a lower base. By the end of 2020-21, Frydenberg said Australia's real economy ...

Chief economist update: Yoshihide and the yen

BENJAMIN ONG | MONDAY, 21 SEP 2020

... economy to slowly recover. Latest indicators show that Japan's past its worst - i.e. the worst economic slump on record with GDP collapsing at an annual rate of 28.1% in the June quarter. Worse than worst is this followed two quarters of negative ...

The future of infrastructure is digital: Macquarie

ELIZA BAVIN | FRIDAY, 18 SEP 2020

... users," he said. "Digital infrastructure assets, as we work through the pandemic, are not seeing that general correlation with GDP; people aren't watching Netflix less because of the pandemic. If anything, data volumes are accelerating." Kuchel said ...

Chief economist update: Zero beyond 2023

BENJAMIN ONG | THURSDAY, 17 SEP 2020

... that show PCE price inflation reaching the inflation target of 2% three years from now. The Fed's latest forecasts show GDP growth contracting by less this year (-3.7% versus -6.5% projected in June) but at the expense of a slower pick up in the ...

Chief economist update: China's post-pandemic economy

BENJAMIN ONG | WEDNESDAY, 16 SEP 2020

... government's spending measures. Statista.com figures show the Chinese government's fiscal stimulus packages amounted to 7% of GDP as at July 2020 - less than Japan's 21.1%, America's 13.2%, Australia's 10.6% or Germany's 8.9%. ...

Chief economist update: Global healing?

BENJAMIN ONG | MONDAY, 14 SEP 2020

... 27,000 manufacturing and services companies, in over 40 countries that account "for 89% of global gross domestic product (GDP)". The latest reading from the survey showed the composite index rising to a reading of 52.4 in August - the highest level since ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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