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Showing 11 - 20 of 30 results for "Australian GDP"

Chief economist update: Inflation lifted by smokers with young children and homebuilders

BENJAMIN ONG  |  THURSDAY, 28 JAN 2021
... rebound in GDP in the third quarter and the better than predicted fall in the country's unemployment rate. Australian GDP grew by 3.3% in the September quarter following two consecutive quarters of contraction -- -0.3% in the March quarter and -7.0% ...

Chief economist update: Australian outlook under COVID-19

BENJAMIN ONG  |  FRIDAY, 24 JUL 2020
... OECD provided calendar year forecasts, comparing apples with apples, the OECD's economic outlook report puts Australian GDP growth (or should I say contraction) this year only second smallest to South Korea among the G20 - 5.0% (single hit); 6.3% ...

Chief economist update: Still the best and better than all the rest

BENJAMIN ONG  |  THURSDAY, 25 JUN 2020
... G7 economies revised deeper. As luck would have it, the IMF revised the country's outlook - it now expects Australian GDP to fall by 4.5% this year, a 2.2 percentage point improvement from its April forecast. This is the same message delivered by ...

Chief economist update: Australia needs China more than it needs us

BENJAMIN ONG  |  FRIDAY, 22 MAY 2020
... for around 20% of the country's GDP. If my maths serves me right, exports to China is worth around 1.4% of Australian GDP. If Australia- China trade stops completely, Canberra loses US$88 billion worth of exports to Beijing. China improves its trade ...

Chief economist update: Australian recession here we come

BENJAMIN ONG  |  WEDNESDAY, 18 MAR 2020
... the supply chain. The drought and bushfires already raised the likelihood of a negative first quarter 2020 for Australian GDP, the coronavirus guarantees a second quarter - putting the economy in a technical recession. Having said this, reports that ...

Chief economist update: Lowe puts Australia on high

BENJAMIN ONG  |  MONDAY, 10 FEB 2020
... short-term slowing, "Our current estimate is that over the December and March quarters, the fires will have reduced Australian GDP growth by around 0.2 percentage points...The drought is also continuing to act as a drag on the economy and is expected ...

Chief economist update: No credit to the RBA

BENJAMIN ONG  |  MONDAY, 1 APR 2019
... provides a significant signpost for economic direction. Household consumption, after all, accounts for around 60% of Australian GDP. In all of its policy statements since I can remember, the RBA had always said "the main domestic uncertainty continues ...

Chief economist update: What's the RBA waiting for?

BENJAMIN ONG  |  FRIDAY, 15 MAR 2019
... economic outlook. This is no better depicted than by the recent National Accounts update showing the slowdown in Australian GDP growth - to 2.3% in the December 2018 quarter (the slowest since the September 2016 quarter) - from 2.7% in the third quarter ...

Boring is good

BENJAMIN ONG  |  WEDNESDAY, 6 SEP 2017
... economy but these are not its mandate. Speaking of economic growth over Lowe's first year in office, quarterly Australian GDP growth went from a low 0.4% contraction in the September quarter of 2016 to a high 1.1% surge in the December quarter of the ...

Moody Aussies

BENJAMIN ONG  |  THURSDAY, 19 JAN 2017
... these "lingered" until early 2017. Not when almost all "experts" agree that the September quarter contraction in Australian GDP would be a one-off. This is also inconsistent with the wealth effect brought on by the All Ordinaries' 7.0% gain for the year ...