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Showing 31 - 40 of 731 results for "coronavirus"

Pandemic delays retirement plans

KARREN VERGARA  |  THURSDAY, 24 JUN 2021
The coronavirus pandemic is forcing over one third of Americans to delay their retirement while a larger cohort are turning to part-time work to supplement their nest egg, a new survey finds. Those intending to retire over the next five years are putting ...

Chief economist update: Thank you, my frenemy

BENJAMIN ONG  |  THURSDAY, 24 JUN 2021
... April to 6.6% in May -- but this is a "base effect" function as China normalises from the distortion caused by the coronavirus pandemic. The overall trend remains on the up and up. The China Iron and Steel Association reports that crude steel production ...

Chief economist update: Chinese activity indicators disappoint but growth target intact

BENJAMIN ONG  |  MONDAY, 21 JUN 2021
... were still stronger than usual -- as they continue to come off the low base comparisons of the previous year when the coronavirus pandemic hit, prompting the government to impose draconian lockdown measures that virtually froze social and business activity ...

Chief economist update: Anchoring the recovery

BENJAMIN ONG  |  TUESDAY, 15 JUN 2021
... total envelope of â,¬1,850 billion until at least the end of March 2022 and, in any case, until it judges that the coronavirus crisis phase is over". Sure, activity and leading economic indicators in the region had significantly improved. So much so ...

Chief economist update: Deflated expectations lift deflation expectations

BENJAMIN ONG  |  THURSDAY, 10 JUN 2021
... since 2013 and the slowest pace since the aftermath of the 2008 financial crisis". Not only that, Japan's fourth coronavirus wave has prompted mister and missus Miyagi to be more frugal -- BOJ estimated pandemic has led to JPY20T in additional savings ...

Chief economist update: A delicate balancing act

BENJAMIN ONG  |  FRIDAY, 4 JUN 2021
... on July 1. They're right to do so. This is because the outlook remains fluid and uncertain. Despite increased coronavirus vaccinations and reduced cases in the advanced economies, the resurgence of infections (currently doing its rounds in Asia ...

Chief economist update: Australia on top

BENJAMIN ONG  |  THURSDAY, 3 JUN 2021
... quarters of 2020 - taking the annual growth in GDP up to 1.1% and national output above the level it was before the coronavirus struck. Using the same measure, this beats the US's 0.4% GDP expansion over the same one-year period, and far and away ...

Chief economist update: RBA cash rate on ice until 2024

BENJAMIN ONG  |  WEDNESDAY, 2 JUN 2021
... important ongoing source of uncertainty is the possibility of significant outbreaks of the virus [alluding to the renewed coronavirus outbreak in Victoria], although this should diminish as more of the population is vaccinated." The RBA's overriding ...

Chief economist update: OECD upgrades global growth but advises continued policy support

BENJAMIN ONG  |  TUESDAY, 1 JUN 2021
... report revealed as it upgraded its projections for the world economy, supported by the quickening and expansion of the coronavirus vaccine roll-out and the massive fiscal stimulus in the United States. The OECD predicts global GDP to grow by 5.8% this ...

Chief economist update: Victoria's victory against the virus voided

BENJAMIN ONG  |  FRIDAY, 28 MAY 2021
... Victorians' irritation and anger at having their lives and livelihood restricted for the fourth time since the coronavirus began early last year. So are estimates of the cost to the state economy and, by extension, the whole of Australia (Victoria ...