Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 41 - 50 of 1260 results for "Eurozone"

Chief economist update: The ECB's PEPP economy

BENJAMIN ONG  |  FRIDAY, 5 JUN 2020
... 2021 (from 1.4%) and 1.3% (from 1.6%) in 2022. This is hardly surprising given the sharp 3.2% (year-on-year) drop in Eurozone GDP in the March 2020 quarter that followed a 1.0% growth in the December 2019 quarter. Despite the recent improvement in the ...

Chief economist update: Australian recession - the next generation

BENJAMIN ONG  |  THURSDAY, 4 JUN 2020
... rate - Australia's 0.3% contraction in the March 2020 quarter is top of the pops compared with the US (-1.3%), the Eurozone (-3.8%), Germany (-2.2%), France (-5.3%), Italy (-5.3), Japan (-0.9%), the UK (-2.0) and China (-9.8%). This justifies the ...

Chief economist update: Better than all the rest

BENJAMIN ONG  |  FRIDAY, 29 MAY 2020
... implementing yield curve control (to step up its support for the economy); the European Central Bank (ECB) warning that the Eurozone economy is approaching its worst-case scenario (a 12% drop in 2020 GDP); Japan unleashing a second supplementary budget ...

Chief economist update: Eurozone contraction heads from mild to severe

BENJAMIN ONG  |  THURSDAY, 28 MAY 2020
... growth of between 8% (medium) and 12% this year. This is hardly surprising given the sharp 3.2% (year-on-year) drop in Eurozone GDP in the March 2020 quarter that followed a 1.0% growth in the December 2019 quarter. Despite the recent improvement in ...

Chief economist update: Eurozone good news to get worse before it gets better

BENJAMIN ONG  |  TUESDAY, 5 MAY 2020
Recent indications - slowing rate of infections and deaths -- that the Eurozone has passed the peak of its coronavirus pandemic - has member nations either planning to or have already gently eased lockdown and social distancing restrictions, among them ...

Chief economist update: Labor Day mayday

BENJAMIN ONG  |  FRIDAY, 1 MAY 2020
... an annualised 33.8% contraction in the economy. Again -- comparing apples with apples -- the latest GDP update on the Eurozone shows that the single-currency region is far from immune. Euro area GDP fell by 3.8% in the March quarter. Annualised, this ...

Chief economist update: Approaching peak isolation

BENJAMIN ONG  |  WEDNESDAY, 29 APR 2020
... imposed by the government to limit the spread of the coronavirus infection. Preliminary estimates show the IHS/Markit Eurozone composite PMI diving to an all-time low of 13.5 in April from 29.7 in March. The drop in manufacturing output to a record-low ...

Chief economist update: Different contagion, same fiscal policy divide

BENJAMIN ONG  |  MONDAY, 6 APR 2020
... confidence dropped by five points - the largest on record - to -11.6 in March from -6.6 in the previous month. The IHS/Markit Eurozone composite index dove to an all-time low of 29.7 in March from 51.4 in February, paced by the near halving of the services ...

Chief economist update: The cure for Italy's tourism problem

BENJAMIN ONG  |  WEDNESDAY, 11 MAR 2020
... promises would put its budget deficit to GDP ratio in breach of the Maastricht Treaty that limits the ratio of member Eurozone countries to 3% of GDP. Italy's already in breach of 60% debt to GDP ratio limit with its ratio clocked at 135% of GDP ...

Chief economist update: COVID-19 solves overtourism in Europe

BENJAMIN ONG  |  WEDNESDAY, 26 FEB 2020
... include the latest cases reported in Switzerland and Croatia. This would certainly reverse the budding improvement in the Eurozone economy. Just before the virus broke out in Europe, IHS Markit reported that the Eurozone Composite PMI increased to 51.6 ...