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Showing 441 - 450 of 2878 results for "The Economy"

Chief economist update: What a difference an Australian year makes

BENJAMIN ONG  |  MONDAY, 22 MAR 2021
... Bushfires: Recovery funds to hit budget surplus. That was until the coronavirus got its first bite at Australia, sending the economy falling to its first-ever recession in 29 years that sent the unemployment rate up to 7.5% -- the highest level in two ...

Chief economist update: When 6%-plus growth is deemed too low

BENJAMIN ONG  |  FRIDAY, 19 MAR 2021
... recession and with positive economic growth in 2020. After contracting by 6.8% in the year to the March 2020 quarter, the economy advanced by 3.2%, 4.9% and 6.5% over the remaining three quarters of last year. But as Li underscored: "In 2021, China will ...

Chief economist update: The do-nothing Fed

BENJAMIN ONG  |  THURSDAY, 18 MAR 2021
... rising to 2.0% in 2021 and 2022. The uncertainty of it all is underscored by the Fed's statement that: "The path of the economy will depend significantly on the course of the virus, including progress on vaccinations. The ongoing public health crisis ...

Business investment slow to click into gear: Lowe

ELIZA BAVIN  |  WEDNESDAY, 10 MAR 2021
... magic ingredient for boosting business investment. A good starting point, though, is businesses having confidence that the economy will grow and that there will be demand for their products and services," he said. "Another important ingredient is having ...

Chief economist update: OECD sees stronger growth ahead

BENJAMIN ONG  |  WEDNESDAY, 10 MAR 2021
... that: "In the December quarter, direct economic support from the federal government halved... Yet at the same time the economy grew by 3.1%, 320,000 new jobs were added and 2.1 million Australian workers graduated off JobKeeper." With world economic ...

Chief economist update: More manna from UK Treasury

BENJAMIN ONG  |  FRIDAY, 5 MAR 2021
... have lost their jobs" despite the government's unprecedented response, amounting to over £280 billion since. The economy needs a top up. "At this Budget we are announcing an additional £65 billion of measures over this year and next to support ...

Australian recovery has been outstanding: La Trobe Financial

ELIZA BAVIN  |  THURSDAY, 4 MAR 2021
... facing tourism businesses et cetera, but the reality is the vast majority of income support has been removed from the economy with no ill effects," he explained. "So, while there is a risk at a micro level with individual businesses, we don't see ...

Chief economist update: The great Australian rebound

BENJAMIN ONG  |  THURSDAY, 4 MAR 2021
... notes: "In the December quarter, direct economic support from the federal government halved... Yet at the same time the economy grew by 3.1%, 320,000 new jobs were added and 2.1 million Australian workers graduated off JobKeeper." And it's gonna ...

Chief economist update: Fed fights back bond bears

BENJAMIN ONG  |  MONDAY, 1 MAR 2021
... bond yields) above its target of around 0%... "It's important now to keep the entire yield curve stably low as the economy suffers the damage from COVID-19". So too has the Bank of Korea (BOK). In its latest statement, the Korean central bank declared ...

Chief economist update: The cloud over the rainbow

BENJAMIN ONG  |  FRIDAY, 26 FEB 2021
... activity in the financial markets indicate that they would rather have that than the longer-lasting organic growth in the economy. To them I say, bring back Donald J Trump, if you dare. This happened once before (when I came to your door) - sorry I can't ...