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Showing 421 - 430 of 2361 results for "Sharp"

Stimulus, ERS pushes spending up 17%

ELIZABETH MCARTHUR  |  TUESDAY, 21 JUL 2020
... research has demonstrated the impact of the government's stimulus package and early release of superannuation program, with a sharp uptick in consumer spending. The data from illion and AlphaBeta, part of Accenture, found consumer spending in Australia ...

Chief economist update: Haste makes Budget waste

BENJAMIN ONG  |  TUESDAY, 21 JUL 2020
... A$1200 per fortnight (from A$1500). The scheme will also impose tighter eligibility tests for businesses that have suffered a sharp drop in turnover, and it will include a steeper reduction in payments for part-time and casual workers who received more ...

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

BENJAMIN ONG  |  MONDAY, 20 JUL 2020
... increase. Although still in contraction, the annual rate of decline in retail sales had steadily eased to -1.8% in June from the sharp 20.5% (yoy) drop in February. Fixed asset investment growth followed the same path of progressive improvement - down ...

Chief economist update: Stop right now, thank you very much

BENJAMIN ONG  |  FRIDAY, 17 JUL 2020
... month. Sure, the unemployment rate jumped higher to a 22-year high of 7.4% in June from 7.1% in May, but this is due to the sharp increase in the participation rate to 64.0 in June from 62.7% in the previous month - itself a positive indicator, as jobseekers ...

Banks brace for major loan losses

ALLY SELBY  |  WEDNESDAY, 15 JUL 2020
... to add to our substantial levels of liquidity and our balance sheet has plenty of capacity to serve our clients. "With a sharp emphasis on risk management, we are prepared for a variety of scenarios and will continue to operate our institution prudently ...

Chief economist update: Flattening the rebound

BENJAMIN ONG  |  WEDNESDAY, 15 JUL 2020
... to -7 index points - the second month straight month of increase - due to broad-based improvement across industries and sharp rebounds in its components: trading (-7 in June from -19 in May); profitability (-8 from -19); employment (-11 from -31). Australian ...

Global public debt to reach 101.5% of GDP: IMF

ELIZA BAVIN  |  MONDAY, 13 JUL 2020
... will rise to its highest levels in history as a result of the economic fallout from the COVID-19 pandemic. In the face of a sharp decline in global output, a massive fiscal response has been necessary to increase health capacity, replace lost household ...

RBA prepares to scale up bond buying

ELIZA BAVIN  |  WEDNESDAY, 8 JUL 2020
... experienced a severe downturn as countries seek to contain the coronavirus. Many people have lost their jobs and there has been a sharp rise in unemployment," Lowe said. "Leading indicators have generally picked up recently, suggesting the worst of the ...

Chief economist update: A tale of two quarters

BENJAMIN ONG  |  FRIDAY, 3 JUL 2020
"It was the best of times, it was the worst of times... it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to Heaven, we were all going direct the other way..." -- 'A Tale of Two Cities' ...

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

BENJAMIN ONG  |  MONDAY, 29 JUN 2020
The gradual easing of restrictions has unfrozen social and business activity in almost every nation that decided to do so. Central banks and governments can flood the system with all the money they have, or can print, but with consumers not allowed ...