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Showing 11 - 20 of 302 results for "real GDP"

Chief economist update: Not out of the woods

BENJAMIN ONG  |  FRIDAY, 30 OCT 2020
... previous quarter's 31.4% decline, beating market expectations for a 31.0% gain. As per the BEA: "The increase in real GDP reflected increases in personal consumption expenditures (PCE), private inventory investment, exports, nonresidential fixed ...

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: Worse news is better news

BENJAMIN ONG  |  THURSDAY, 20 AUG 2020
... their 28-29 July FOMC meeting revealed its downgrade to earlier growth predictions. "The projected rate of recovery in real GDP, and the pace of declines in the unemployment rate, over the second half of this year were expected to be somewhat less robust ...

Chief economist update: A tiny bug takes down the largest economy

BENJAMIN ONG  |  FRIDAY, 31 JUL 2020
... measure has America's economy sinking by a record minus 32.9%. According to the BEA: "The second-quarter decrease in real GDP reflected decreases in consumer spending, exports, inventory investment, business investment, and housing investment that ...

Government announces $184bn deficit

ELIZA BAVIN  |  FRIDAY, 24 JUL 2020
... rating during the pandemic." The economic support in response to COVID-19 is estimated to have increased the level of real GDP by around 0.75% in 2019-20 and around 4.25% in 2020-21. The fiscal measures are also estimated to have lowered the peak of ...

Chief economist update: Don't fight the Fed

BENJAMIN ONG  |  THURSDAY, 11 JUN 2020
... one at 0.375% and 1.125%) in 2022. This is understandable given the Fed's latest projections: "The Fed expects US real GDP growth to contract by 6.5% in 2020 (instead of the 2.0% expansion forecast in December 2019) before rebounding to 5.0% in 2021 ...

Chief economist update: The ECB's PEPP economy

BENJAMIN ONG  |  FRIDAY, 5 JUN 2020
... year. The revised Eurosystem staff macroeconomic projections have now been put in black and white. New forecasts show real GDP growth dropped from +1.2% in 2019 to -8.7% in 2020 (downgraded from +0.8 predicted in March 2020) before recovering to +5.2% ...

Chief economist update: Japan fails to learn from history (yet again)

BENJAMIN ONG  |  TUESDAY, 18 FEB 2020
... by 1.6% in the last quarter of 2019 following a 0.1% growth (if you could call it that) in the September 2019 quarter. Real GDP plunged at an annualised rate of 6.3% (from growth of 0.5% in the third quarter) and fell by 0.4% in the year to the December ...

Chief economist update: Changing to Lagarde

BENJAMIN ONG  |  FRIDAY, 13 DEC 2019
... Eurosystem staff macroeconomic projections for the euro area was broadly unchanged from its September forecasts. Annual real GDP is expected to grow by 1.2% this year (up from September's forecast of 1.1%), 1.1% in 2020 (from 1.2%), and 1.4% in both ...

Super debate too one dimensional: Rice Warner

HARRISON WORLEY  |  MONDAY, 26 AUG 2019
... down whilst the trend in most other countries is up," Rice Warner noted. "The future experience is conditional on strong real GDP growth of 2.5% p.a. in the long term, which is itself dependent on continued immigration which slows down the impact of ...