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Showing 381 - 390 of 1882 results for "GDP"

World rolls out stimulus

ELIZA BAVIN  |  WEDNESDAY, 18 MAR 2020
... with Johnson promising to put the country on a "wartime footing". New Zealand's $12.1 billion package amount to 4% of GDP, in what the finance minister said is one of the largest in the world on a per capita basis. State Street Global Advisors said ...

Chief economist update: Australian recession here we come

BENJAMIN ONG  |  WEDNESDAY, 18 MAR 2020
... the supply chain. The drought and bushfires already raised the likelihood of a negative first quarter 2020 for Australian GDP, the coronavirus guarantees a second quarter - putting the economy in a technical recession. Having said this, reports that ...

Australia narrowly avoids 0.9% GDP blow: KPMG

ALLY SELBY  |  MONDAY, 16 MAR 2020
The COVID-19 pandemic would have served Australia's GDP a 0.9% blow if it hadn't been for the government's $17.6 billion economic stimulus package, according to research released today by KPMG. The 0.9% near miss would amount to a $17 billion ...

Chief economist update: The cure for Italy's tourism problem

BENJAMIN ONG  |  WEDNESDAY, 11 MAR 2020
... about a little over a year ago. Brussels was worried that Italy's big spending promises would put its budget deficit to GDP ratio in breach of the Maastricht Treaty that limits the ratio of member Eurozone countries to 3% of GDP. Italy's already ...

Chief economist update: Coronaphobia sickens Japan

BENJAMIN ONG  |  MONDAY, 9 MAR 2020
... in October. Business investment dropped by 3.7% and while net exports contributed 0.5 percentage points to fourth quarter GDP, this is due to a 10.1% tumble in imports and a 0.4% decline in exports. That was bad then...and that was before coronaphobia. ...

Take pride in super: Rice Warner

HARRISON WORLEY  |  FRIDAY, 6 MAR 2020
... would prove to be temporary as tax rates increase to finance an increase in government pension costs from the current 2.7% of GDP to something closer to the OECF average of 8%." The firm pointed to a Reserve Bank of Australia research paper authored ...

Chief economist update: Australia's gentle turning point to turn

BENJAMIN ONG  |  THURSDAY, 5 MAR 2020
... the December 2019, up from 1.8% in the previous quarter and after five consecutive quarters of deceleration that took annual GDP growth down to 1.6% in the June 2019 quarter - the slowest pace in six years. The 0.4% increase in household consumption ...

ISA takes swipe at Grattan

ELIZA BAVIN  |  THURSDAY, 27 FEB 2020
... Warner have estimated that the fiscal impact of an SG increase to 12% would be a reduction in expenditure as a proportion of GDP from 2.8% in 2025 to 2.1% in 2085, saving around $13.5 billion per year even in a context where the population is ageing ...

Chief economist update: Who's afraid of COVID-19?

BENJAMIN ONG  |  TUESDAY, 25 FEB 2020
... getting/gotten sick. The IMF has downgraded its 2020 global growth forecast by 0.1 ppt to 3.2% -- led by a reduction in China's GDP growth from 6.0% to 5.6%. You call that a downgrade? Oxford Economics' latest analysis is a downgrade. Oxford ...

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 ...