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Showing 11 - 20 of 1782 results for "GDP"

Government reports improved fiscal outlook

ANDREW MCKEAN  |  WEDNESDAY, 13 DEC 2023
... This approach has led to a decrease in deficits and public debt projections, with gross debt expected to peak at 35.4% of GDP in 2027-28 before declining. "We will avoid $145 billion over 12 years to 2033-34 in interest costs on the debt we inherited ...

Lack of income stream drags local retirement system: Report

JAMIE WILLIAMSON  |  WEDNESDAY, 18 OCT 2023
... from an A-grade system." With superannuation balances forecast to increase from 116% of Australia's gross domestic product (GDP) in 2022-23 to about 218% by 2062-63, becoming the primary source of retirement income for many future retirees, the lack ...

Ireland to create new sovereign wealth fund

JAMIE WILLIAMSON  |  WEDNESDAY, 11 OCT 2023
... budget package, finance minister Michael McGrath said laws will be introduced to mandate the government annually invest 0.8% of GDP into the new fund between 2024 and 2035. In 2024, this will be €4.3 billion. With an additional initial seed investment ...

Bank of England holds rates at 5.25%

ANDREW MCKEAN  |  FRIDAY, 22 SEP 2023
... run of consecutive rate hikes, the Monetary Policy Committee (MPC) noted a 0.5% decline in the UK's gross domestic product (GDP) in July. The Bank's internal forecasts now anticipate only a marginal uptick in GDP for Q3 2023. Underlying growth for the ...

XV Capital plots expansion, fund launch

JAMIE WILLIAMSON  |  TUESDAY, 19 SEP 2023
... quantitative research to predict team performance. "The sports sector already represents approximately 1% of Australia's GDP and we believe it's time investors had an institutional grade solution to access opportunities in this sector," Mortlock ...

Older Aussies are retirement illiterate: Survey

KARREN VERGARA  |  TUESDAY, 19 SEP 2023
Australians are pension-phase illiterate and blame the complex superannuation system for not understanding the basics about retirement, a new survey shows. A whopping 70% of 50-year-olds and over canvassed by AMP do not understand what an account-based ...

Investing in research generates threefold economic output

ROSE MARY PETRASS  |  THURSDAY, 7 SEP 2023
... show that NCGP research funding generated substantial economic activity, producing $184.3 billion in higher economic output (GDP) for Australia. This is equivalent to a $33.6 billion increase in present value, approximately 1.5% of Australia's current ...

RBA holds cash rate at 4.1%

CASSANDRA BALDINI  |  WEDNESDAY, 6 SEP 2023
... to buy more time and further assess the impacts of previous hikes. Since, the Australian Bureau of Statistics has revealed GDP increased by 0.4% in the June quarter, mainly offset by exports and investments. While the recent pause may have caused temporary ...

IGR to spark fresh retirement income consultation

CASSANDRA BALDINI  |  FRIDAY, 25 AUG 2023
... superannuation will lead to a decrease in expenditure on Australian government age and service pensions from approximately 2.3% of GDP in the fiscal year 2022-2023 to about 2.0% of GDP by the fiscal year 2062-63. Meanwhile, the total projected annual ...

Unemployment rate rises as gender wage gap narrows

ANDREW MCKEAN  |  FRIDAY, 18 AUG 2023
... annual employment growth rate also decreased to 2.8% from over 3% at the beginning of 2023, reflecting the broader slowdown in GDP growth. Reaching a low of 3.4% in October 2022, the current unemployment rate of 3.7% is around the lowest levels since ...