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Showing 11 - 20 of 58 results for "Economic Forecast"

Water, water everywhere but nothing to drink

BENJAMIN ONG  |  TUESDAY, 18 JAN 2022
Another two covid years over, a new one's just begun. Although still not proved beyond the shadow of a doubt, since the first bat flapped its covid wings in Wuhan (China), it has gone through several mutations - most notably, Alpha, Delta and now Omicron ...

Chief economist update: Light at the end of the Euro tunnel

BENJAMIN ONG  |  FRIDAY, 12 FEB 2021
It's beginning to look a lot like the Eurozone economy wouldn't be able to dodge a double-dip recession given tighter and/or extended coronavirus restrictions and lockdowns remain in place in many of its member countries. Eurozone GDP fell into ...

Fresh fundies outperform

ALLY SELBY  |  THURSDAY, 15 OCT 2020
... Group, Moors said. "We are stock pickers by design; we don't try to be industry or sector weighted or have an economic forecast of where we think a sector may be going," he said. "We are purely focused on stock selection at a company basis." The ...

Sweeping tax cuts announced

ANNABELLE DICKSON  |  TUESDAY, 6 OCT 2020
The government has implemented a raft of tax relief measures for individuals and businesses in the 2020/21 budget in an effort to boost consumption in the economy and support business investment. Over 99% of businesses will be able to write off the ...

Chief economist update: Powell blamed for fall on Wall Street

BENJAMIN ONG  |  THURSDAY, 14 MAY 2020
Was it something I said? Yes sir, Mr. US Fed chair Jerome Powell, it was. Today's headlines not only infer, but blame your words for the fall on Wall Street overnight. The Wall Street Journal published: "The Dow Jones Industrial Average dropped ...

Westpac flags $2.2bn impairment

JAMIE WILLIAMSON  |  TUESDAY, 28 APR 2020
The big four bank has flagged its 1H20 results will likely include an impairment charge of more than $2.2 billion - more than half of which is attributed to COVID-19. Announcing the expected charge this morning, Westpac said the $2.238 billion impairment ...

Australia versus the world

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
While industry professionals praised the government's stimulus package, the International Monetary Fund seems convinced it's not enough. So who is right? The IMF predicted that global growth will be -3.3% this year, while Australia's GDP will be significantly ...

US faces deepest recession on record

ALLY SELBY  |  FRIDAY, 3 APR 2020
The US is facing a COVID-19 triggered recession that will be the worst on record, according to Bank of America economists. It comes as about 6.65 million people filed for unemployment in the US this week, in the highest level of claims received by the ...

Chief economist update: Euro contagion redux?

BENJAMIN ONG  |  FRIDAY, 8 FEB 2019
... to rise to 1.5% in 2019 and 1.7% in 2020. But as the EU Commission's latest press release -- Winter 2019 Economic Forecast: growth moderates amid global uncertainties - pointed out: "A high level of uncertainty surrounds the economic outlook and ...

OECD tells RBA to take a hike

BENJAMIN ONG  |  WEDNESDAY, 29 NOV 2017
... This is how the OECD sees Australia's future (at least over the next two years) as written in its 'Australia - Economic forecast summary (November 2017)' report. The OECD's predictions include: GDP growth of 2.5% in 2017, 2.8% in 2018 and 2.7% in 2019 ...