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Showing 51 - 60 of 2379 results for %22Economist%22

Inflation drops to 5.6%

CASSANDRA BALDINI  |  THURSDAY, 29 JUN 2023
... furniture, household equipment and services up 6%. Partly offsetting the rise was a fall in fuel, down 8%. HSBC chief economist Paul Bloxham said the figures were a win for Australians but it's too soon to declare victory in the fight against inflation. ...

US recession possible, but recovery would be strong: Capital Group

CHLOE WALKER  |  THURSDAY, 22 JUN 2023
... Despite an eventful first half of the year, the US economy has been surprisingly resilient, according to Capital Group economist Robert Lind. Addressing the audience at Capital Group's global mid-year investor outlook presentation, Lind said this is ...

Cash rate hits 4.1%

KARREN VERGARA  |  TUESDAY, 6 JUN 2023
... recession and that the latest decision by the nation's central bank will push it over the edge. Diana Mousina, deputy chief economist at AMP, said signs that the economy is weakening are everywhere. Retail sales has slowed, the unemployment rate is rising ...

Economists divided over cash rate decision

ANDREW MCKEAN  |  MONDAY, 5 JUN 2023
... meeting as a pause." After the RBA surprised the market in May lifting the cash rate by 25 basis points, HSBC chief economist Paul Bloxham concurs that a hike is unlikely, but equally can't be ruled out. "The arguments for holding steady include that ...

Wage increases to offset more rate hikes: Experts

CASSANDRA BALDINI  |  FRIDAY, 2 JUN 2023
... then it's bigger than last year's increases which were 5.2% for the minimum and 4.6% for the award," AMP chief economist Shane Oliver told Financial Standard. "Our rough calculation is that it adds about 1.25% to wages growth compared to what ...

Risk of recession growing: Podcast

CASSANDRA BALDINI  |  THURSDAY, 1 JUN 2023
AMP chief economist Shane Oliver says the risk of recession is rising alongside the Reserve Bank of Australia's (RBA) rate increases. Earlier in the week, the Australian share market rallied following the decision by US lawmakers to raise the debt ...

Inflation rises to 6.8%

CASSANDRA BALDINI  |  THURSDAY, 1 JUN 2023
... another rate hike. The latest CPI numbers, released yesterday by the Australian Bureau of Statistics (ABS), exceeded economist predictions of 6.4%, and shows inflation is still sitting above the Reserve Bank of Australia's (RBA) target. Higher fuel ...

Could the anti-woke movement come to Australia?

ROSE MARY PETRASS  |  WEDNESDAY, 24 MAY 2023
... Florida, which actively prohibit pension funds in their jurisdictions from following ESG principles. In July 2022, The Economist released an article arguing that ESG is "the three letters that won't save the planet". Then, in March, US President ...

Reserve Bank is done at 3.85%: CBA

CASSANDRA BALDINI  |  WEDNESDAY, 17 MAY 2023
... more interest rate rises might be on the horizon depending on how the economy and inflation track, but CommSec senior economist Ryan Felsman believes an increase next month is unlikely. In the minutes from its May meeting, the RBA reaffirmed the board's ...

abrdn chief economist rejoins Reserve Bank

ELIZABETH FRY  |  MONDAY, 8 MAY 2023
Jeremy Lawson has rejoined Australia's central bank after working as abrdn's chief economist for 10 years. Lawson has been appointed deputy head of the international department at the Reserve Bank of Australia (RBA), effective August 1. He began ...