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Showing 21 - 30 of 270 results for "Gross Domestic Product"

PIMCO lowers GDP growth rate

KARREN VERGARA  |  THURSDAY, 13 JAN 2022
... downgraded its developed markets outlook for countries that also include the UK, US, Canada and Japan. Gross domestic product growth among these economies has been downgraded from 5% in 2021 to 4% this year at an annual average pace. The spread of the ...

Chief economist update: Hot flashes

BENJAMIN ONG  |  THURSDAY, 25 MAR 2021
... turning points in the business cycle and closely track the rate of change in key economic variables such as gross domestic product (GDP)." Here are the survey's key findings: The flash US composite output index eased to a reading of 59.1 in March ...

Chief economist update: NIRP embedded in BOE forecasts

BENJAMIN ONG  |  FRIDAY, 5 FEB 2021
... weigh on activity in the near term, but that the vaccination programme leads to those easing, such that gross domestic product is projected to recover strongly from the second quarter of 2021, towards pre-Covid levels." The BOE forecasts GDP to contract ...

Government declares record deficit, super reforms

JAMIE WILLIAMSON  |  TUESDAY, 6 OCT 2020
... to fall to $66.9 billion by 2023-24. Frydenberg said net debt will increase to $703 billion, or 36% of gross domestic product, this year. This will peak at $966 billion or 44% of GDP in June 2024, he said. "This is a heavy burden, but a necessary one ...

Chief economist update: Global healing?

BENJAMIN ONG  |  MONDAY, 14 SEP 2020
... total of 27,000 manufacturing and services companies, in over 40 countries that account "for 89% of global gross domestic product (GDP)". The latest reading from the survey showed the composite index rising to a reading of 52.4 in August - the highest ...

Chief economist update: Japan economy tanks depsite looser restrictions

BENJAMIN ONG  |  THURSDAY, 27 AUG 2020
... according to former Bank of Japan (BOJ) policymaker Takahide Kiuchi: "Japan will need about five years for the gross domestic product (GDP) to return to pre-pandemic levels" and that "Core consumer inflation will hover in slightly negative territory ...

Super fees hit record lows: Research

JAMIE WILLIAMSON  |  THURSDAY, 13 AUG 2020
... at a total of $29.6 billion in 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 ...

GDP figures reveal start of COVID-19 impact

ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
The Australian Gross Domestic Product fell 0.3%, seasonally adjusted, in the March quarter and growth slowed to 1.4% through the year, according to figures released by the Australian Bureau of Statistics. ABS chief economist Bruce Hockman said this ...

Wage growth, not wage cuts

ALLY SELBY  |  FRIDAY, 29 MAY 2020
... "When wages grow, spending grows (so-called 'aggregate demand'), and so does the economy, as measured by gross domestic product," he said. "Nevertheless, the standard neoclassical growth model used by the treasury and Reserve Bank doesn't recognise this. ...

Emerging markets weather varied COVID-19 storms

ALLY SELBY  |  THURSDAY, 7 MAY 2020
... economies previously reliant on the benefits of globalisation, must rely on new innovative sources to expand gross domestic product. Initiatives to diversify supply chains will be accelerated on the other side of COVID-19, they argued, with companies ...