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Showing 491 - 500 of 1421 results for "Household"

Chief economist update: Different contagion, same fiscal policy divide

BENJAMIN ONG  |  MONDAY, 6 APR 2020
... spread of the virus under control should help restore optimism... or more bluntly, prevent further drops in sentiment - household, business and investor. Consumer confidence dropped by five points - the largest on record - to -11.6 in March from -6.6 ...

Chief economist update: Oil gush

BENJAMIN ONG  |  FRIDAY, 3 APR 2020
... drop in oil prices should be a balm for global economic activity reeling from coronaphobia. Cheaper oil prices raises household disposable income and lowers costs of running factories and businesses. Ironically, the drop in oil prices had the opposite ...

Opportunities and threats amid COVID-19 crisis

ALLY SELBY  |  THURSDAY, 2 APR 2020
The spread of COVID-19 has seen a dramatic turn in the global economy; where earlier this year growth was almost tangibly real, now a downward trajectory towards deep recession seems much more likely. But one asset manager believes there is both opportunity ...

GDP to contract 10%: CBA

ELIZA BAVIN  |  THURSDAY, 2 APR 2020
Commonwealth Bank chief Matt Comyn said the bank is anticipating a 10% contraction of GDP in the March quarter, doubling his prediction from last week. Last week Comyn had predicted a 5-6% impact on the economy but said he revised his prediction due ...

Extended lockdown could spur worst recession on record: Grattan

ALLY SELBY  |  WEDNESDAY, 1 APR 2020
... Great Depression, according to the Grattan Institute's Brendan Coates. In an op-ed for The Conversation, the Institute's household finances program director said while a three-month lockdown could reduce annual GDP by 6%, six months of social isolation ...

Chief economist update: A whole new world

BENJAMIN ONG  |  MONDAY, 30 MAR 2020
... this would limit the downdraft from the virtual freezing in economic activity, but it'll be impotent in lifting household spending. Especially when consumers are "ordered" to stay indoors or they choose to lock themselves in for fear of contracting ...

Calls for super release to borrow from RBA

ALLY SELBY  |  TUESDAY, 24 MAR 2020
... for super funds. Davis argued this would be the best option for Australians, who already face record high levels of household debt. "There are other ways for Australians to get cash by drawing on other assets, particularly equity in their homes," he ...

Early release better than SG freeze

KANIKA SOOD  |  MONDAY, 23 MAR 2020
... release twice by the end of the year, they might slip close to their life insurance opt-in threshold. Grattan Institute household finances program director Brendan Coates said while he can't comment on the insurance implications, $10,000 is not too ...

Chief economist update: Cash splash

BENJAMIN ONG  |  FRIDAY, 20 MAR 2020
"Whatever it takes and for however long it takes!" This is the collective battle cry of governments and central banks the world over as they try to calm nerves and get ahead of the coronavirus that's paralysed economic activity. Fiscal and monetary ...

Chief economist update: Water, water everywhere and not a fish to catch

BENJAMIN ONG  |  THURSDAY, 19 MAR 2020
The entire Ong household is now working from home. I still have two adult "babies" living at home but I'm not complaining, they pay rent and help with the household chores - home-made freshly-cooked dinners are gratis. We're one of the lucky ...