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Showing 291 - 300 of 1882 results for "GDP"

Chief economist update: ECB keeps it steady

BENJAMIN ONG | FRIDAY, 11 SEP 2020

... tweak in the latest ECB staff macroeconomic projections for the single currency region. The September forecasts show Eurozone GDP contracting by 8% in 2020 - better than the 8.7% slump predicted in June. Growth projections for the year 2021 and 2022 ...

Chief economist update: Australia on top despite recession

BENJAMIN ONG | FRIDAY, 4 SEP 2020

... the June quarter is small beer compared to the regression in national output in our bigger peers. Over the same period, US GDP growth declined by 9.1%; Japan's economy shrank by 10%; the Eurozone's by 15%; and, that of the United Kingdom by a ...

Official recession not that scary: Economists

ELIZA BAVIN | THURSDAY, 3 SEP 2020

... seems. "The miss for us was on household consumption, which was always the key source of uncertainty," he said. "The fall in GDP over Q2 20 was the biggest quarterly contraction in output according to the ABS records which date back to 1959. It is a ...

Chief economist update: Japan economy tanks depsite looser restrictions

BENJAMIN ONG | THURSDAY, 27 AUG 2020

... for the composite PMI; the ninth for the services PMI; and, the 16th for manufacturing. Base effects dictate a rebound in GDP in the next quarter but that wouldn't be enough. In fact, according to former Bank of Japan (BOJ) policymaker Takahide Kiuchi ...

Chief economist update: Communists' party

BENJAMIN ONG | WEDNESDAY, 26 AUG 2020

... along with monetary and fiscal stimulus measures - have saved the Chinese economy from falling into a technical recession; GDP growth rebounded by 11.5% in the June quarter (3.2% year-on-year), more than offsetting the 10% contraction (minus 6.8% y-o-y) ...

Chief economist update: Worse news is better news

BENJAMIN ONG | THURSDAY, 20 AUG 2020

... now than they were pre the coronavirus pandemic and the negative impact it's having on the US and world economies. US GDP growth plunged at an annualised rate of 32.9% in the June 2020 quarter on top of the 5.0% drop in the first quarter. The latest ...

Young-old wealth gap widest in 18 years

KANIKA SOOD | MONDAY, 17 AUG 2020

... of home ownership. Another driver is the skew of government spending towards older Australians - it rose from 3.7% of the GDP to 4.5% for 65-74 year old but was flat for 25-34, 45-54 age groups. "It is very important to understand how equity is changing ...

SG increase will impact wage growth: Lowe

ELIZA BAVIN | FRIDAY, 14 AUG 2020

... of the COVID-19 pandemic the Australian economy is suffering the worst contraction in many decades. "We do not yet have the GDP data for the June quarter, but it will show the biggest economic contraction in many decades, likely to be around 7%," he ...

Super fees hit record lows: Research

JAMIE WILLIAMSON | THURSDAY, 13 AUG 2020

... 2019-20 - down 5% year on year. If we consider super assets as a share of gross domestic product, this converts to 1.6% of GDP. Looking at 93 not-for-profit funds, 68 retail offerings and seven eligible rollover funds, the average fee charged to members ...

Emerging market debt rebounds

ELIZA BAVIN | WEDNESDAY, 12 AUG 2020

... opportunities remain in rates and currencies away from many of the large benchmark constituents." The IMF recently revised GDP forecasts down for EM by two percentage points, to -3.0%. However, Eaton Vance said, for several countries, the outlook appears ...

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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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