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Showing 341 - 350 of 1882 results for "GDP"

Chief economist update: Australia needs China more than it needs us

BENJAMIN ONG  |  FRIDAY, 22 MAY 2020
... (7.0%), India (4.9%), US (3.8%), and Singapore (2.9%) combined. Australian exports account for around 20% of the country's GDP. If my maths serves me right, exports to China is worth around 1.4% of Australian GDP. If Australia- China trade stops ...

Proceed with caution: Janus Henderson

ALLY SELBY  |  TUESDAY, 19 MAY 2020
... consequences on a country that relies on personal consumption, he argued, with personal spending accounting for roughly 70% of US GDP. "And still undetermined are the inevitable changes in consumer behaviour brought about by the pandemic that will further ...

Australia facing largest ever GDP fall

ELIZA BAVIN  |  WEDNESDAY, 13 MAY 2020
Treasurer Josh Frydenberg outlined a bleak future for the Australian economy in a speech to parliament, forecasting GDP to fall over 10% in the June quarter. The figure would be the largest contraction in GDP in Australia's history. "At $50 billion ...

Chief economist update: China's beef with Australia

BENJAMIN ONG  |  WEDNESDAY, 13 MAY 2020
... line to take the hit from Beijing. This would surely put a dent in Australia's agricultural exports which makes up 3% of GDP and brings in around 13% of total exports income... and the workers employed in the industry and the ancillary sectors that ...

Chief economist update: Annus horribilis with a vengeance

BENJAMIN ONG  |  FRIDAY, 8 MAY 2020
... "horrible" events which happened to the royal family back then but she might as well have described the state of the UK economy. UK GDP growth shrank for the seventh straight quarter in June 1992 and the pound sterling was forced out of the Exchange ...

Chief economist update: Will emerging markets be first to emerge?

BENJAMIN ONG  |  THURSDAY, 7 MAY 2020
... if you think this is bad, the IMF sees economic growth dropping by much more in developed economies - it slashed its 2020 GDP growth forecast by 7.7% and now predicts economic growth in advanced economies contracting by 6.1% (from growth of 1.6% forecast ...

Lockdown measures cost $4bn a week: Frydenberg

ELIZA BAVIN  |  TUESDAY, 5 MAY 2020
... from Treasury estimates the mass closure of businesses and activities, designed to stop the spread of the virus, will see GDP fall 10% in the June quarter. The analysis found that for every extra week the current restrictions remain in place, the Australian ...

Chief economist update: Eurozone good news to get worse before it gets better

BENJAMIN ONG  |  TUESDAY, 5 MAY 2020
... infections. Then again, even if this second wave doesn't materialise the first has already caused so much damage. Eurozone GDP contracted by 3.8% in the first quarter of 2020 (from a 0.1% expansion in the final quarter of 2018). This translates to ...

Markets slump as US jobless claims hit 30m

ALLY SELBY  |  FRIDAY, 1 MAY 2020
... a record high, up 179%. The indicator measures the total market capitalisations of US stocks and divides this by quarterly GDP. It allows investors to gauge whether markets are overvalued or undervalued. The "Buffett Indicator" has a strong track record ...

Chief economist update: Labor Day mayday

BENJAMIN ONG  |  FRIDAY, 1 MAY 2020
... put in place, But if you think a 4.8% annualised rate of contraction in the US economy is bad, consider these: China's GDP growth was reported to have declined by 6.8% in the year to the March 2020 quarter. This is worse than America's... but ...