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Showing 311 - 320 of 1882 results for "GDP"

Aussie equities stage recovery

ELIZA BAVIN  |  TUESDAY, 21 JUL 2020
... by both the International Monetary Fund and the OECD around the slow global economic recovery. In Australia the IMF expects GDP to fall by 4.5% this year, a 2.2 percentage point improvement from its April forecast. "The All Ordinaries index dropped by ...

Chief economist update: China recovery would have been good for Oz

BENJAMIN ONG  |  MONDAY, 20 JUL 2020
... China's first out. The unfreezing of the economy has lifted indicators of economic activity. Let us count the ways: China's GDP expanded by 3.2% in the year to the June quarter following the previous quarter's 6.8% contraction and better ...

Aussie banks set to underperform

ALLY SELBY  |  THURSDAY, 16 JUL 2020
... believes these numbers are only going to worsen. "Clearly, Victoria changes the economic picture; it's going to defer GDP growth, it is going to hurt unemployment," he said. "And so the risk of higher provisions and bad debts for the banks has also ...

Global public debt to reach 101.5% of GDP: IMF

ELIZA BAVIN  |  MONDAY, 13 JUL 2020
... response has also contributed to global public debt reaching its highest level in recorded history, at over 100 percent of global GDP, in excess of post-World War II peaks. "The ongoing COVID-19 pandemic has already prompted an unprecedented fiscal policy ...

Melburnians back in the lockup

BENJAMIN ONG  |  WEDNESDAY, 8 JUL 2020
... repercussions on its neighbours that will, ultimately, delay the country's recovery from recession and/or deepen the ongoing GDP contraction. This, as much, was what Federal Treasurer Josh Frydenberg said in his interview with 'The Australian ...

Chief economist update: The post-pandemic problem

BENJAMIN ONG  |  THURSDAY, 2 JUL 2020
... will drop by 4.9% this year (after an estimated expansion of 2.9% in 2019). The OECD was more pessimistic, forecasting world GDP growth to contract between 6.0% in 2020 (under a single-hit scenario) and 7.3% (under a double-hit scenario). As such, central ...

SG does wonders for households: Research

JAMIE WILLIAMSON  |  MONDAY, 29 JUN 2020
... stabilising Age Pension expenditure. Assuming the SG is raised to 12%, the amount spent on the Age Pension should drop to 2.6% of GDP over the period to 2054-55, ASFA predicts. In contrast, OECD expenditure on public pensions averages 8.8% of GDP and ...

At least $70bn more in stimulus needed: Grattan

KANIKA SOOD  |  MONDAY, 29 JUN 2020
... employment, a new report from Grattan Institute says. The $70 billion to $90 billion required accounts for 3% to 4% of the GDP. And it is on top of the $160 billion that the federal and state governments have already spent so far. But it is needed to ...

Chief economist update: This rebound is brought to you by the letter V

BENJAMIN ONG  |  MONDAY, 29 JUN 2020
... latest projections, the Eurozone will come out on top in the year 2021. The OECD expects the single currency region's GDP growth to advance by 6.5% (single-hit scenario) or by 3.5% (double-hit) - outperforming the OECD's growth average of 4.8% ...

Chief economist update: Premature easing will cost more lives, more rupiahs

BENJAMIN ONG  |  FRIDAY, 26 JUN 2020
... activities. The government topped this up with Rupiah 20 lakh crore (trillion) -- USD 260 billion - equivalent to 10% of Indian GDP, on May 12. The Reserve Bank of India (RBI) also went to work, cutting its benchmark repo rate and the reverse repo rate ...