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Showing 71 - 80 of 870 results for "Deficit"

COVID-19 damage to stretch several quarters: Natixis IM

ALLY SELBY  |  TUESDAY, 14 APR 2020
Despite global market rebounds, Natixis Investment Managers believes the economic damage of the COVID-19 pandemic will stretch several quarters beyond the containment of the virus. There are now nearly two million confirmed cases of the coronavirus ...

Australia's AAA rating at risk

ELIZA BAVIN  |  THURSDAY, 9 APR 2020
... since the government's initial Economic Response announced on 12 March 2020." The ratings agency said the enlarged budget deficit is expected to remain for the next two years, but is expected to ease due to the overall strength of Australia's financial ...

Chief economist update: Different contagion, same fiscal policy divide

BENJAMIN ONG  |  MONDAY, 6 APR 2020
... There's familiar discussion we've witnessed during the time of Grexit, with problem countries arguing for increased deficit spending and fiscally-responsible Germany refusing. The ECB fought the threat of contagion from Grexit and won. Eurozone ...

Is it time to lean on the Future Fund?

KANIKA SOOD  |  THURSDAY, 2 APR 2020
... strategy and chief economist Shane Oliver says the recent stimulus measures will take Australia from a small surplus to a deficit of about $130 billion in FY20 ($91 billion of stimulus payments, and lower revenue from tax receipts). FY21 could be higher ...

Frontier warns super fund clients of recession

KANIKA SOOD  |  FRIDAY, 20 MAR 2020
... government's $17.6 billion stimulus package. Frontier said at the current levels, the stimulus will translate into a $6 billion deficit for the budget. However, a slowdown in government's revenue, from items such as tax receipts, could widen ...

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

BENJAMIN ONG  |  THURSDAY, 19 MAR 2020
... programmes being implemented to mitigate the downdraft of the global lockdowns would erode fiscal balances, sending government deficit to GDP ratios and government debt to GDP ratios soaring. Cash is king. Sure, sure. Zero return on cash (or even small ...

Australia narrowly avoids 0.9% GDP blow: KPMG

ALLY SELBY  |  MONDAY, 16 MAR 2020
... ultimately it is inevitable that some production will be permanently lost." He argued the stimulus package will lead to a deficit in the next few years. "We note that the aim of the stimulus package is to bring forward spending from the future," Rynne ...

Chief economist update: Coronavirus cures climate change

BENJAMIN ONG  |  MONDAY, 16 MAR 2020
Friday the 13th isn't so unlucky after all as it turned out to be a rally day on Wall Street. The S&P 500 index surged by 9.3% while the Dow and the Nasdaq pole-vaulted by 9.4% the day after US President Trump's declaration of a national emergency ...

Chief economist update: Budget surplus or bust

BENJAMIN ONG  |  THURSDAY, 12 MAR 2020
... cash SURPLUS of A$5.0 billion in FY2019-20. Take away least A$19 billion (A$17b plus A$2b) in extra spending, leaves a DEFICIT of A$14.0 billion... and that's before factoring in the drop in government revenues due the general slowdown in business ...

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

BENJAMIN ONG  |  WEDNESDAY, 11 MAR 2020
... so-called "orange zones", except for work or emergencies." Overtourism solved! Then there's that bugbear of a budget deficit the new populist Italian government argued with the European Union about a little over a year ago. Brussels was worried that ...