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Showing 71 - 80 of 1329 results for "Pandemic"

Calls for independent oversight on mortgage stress

ELIZA BAVIN  |  MONDAY, 23 SEP 2024
... Australia remained very close to zero during other major global events, such as the Global Financial Crisis and the COVID-19 pandemic, but despite this, regulators continue to impose additional constraints on lending, competition among banks and restricting ...

Federal Reserve rate cuts beckon

ANDREW MCKEAN  |  MONDAY, 16 SEP 2024
... think these forces have gone away. "We expect the low interest rate regime to re-emerge once the dust settles from the pandemic economic volatility." NAB senior economist Taylor Nugent, meanwhile, said that whole the FOMC looks set to start cautiously ...

Traditional economic indicators have 'tanked': Economist

ELIZA BAVIN  |  THURSDAY, 5 SEP 2024
... forward, economists need to look at other data sets to change their predictions because the landscape has changed since the pandemic. "Australia's population growth went up by 650,000 people last year. That had massive implications for infrastructure ...

Aussie economy grows 0.2% in June quarter

ELIZA BAVIN  |  WEDNESDAY, 4 SEP 2024
... for the eleventh consecutive quarter, although growth slowed over the 2023-24 financial year." "Excluding the COVID-19 pandemic period, annual financial year economic growth was the lowest since 1991-92 - the year that included the gradual recovery from ...

AustralianSuper takes monster hit on Pluralsight

ANDREW MCKEAN  |  TUESDAY, 27 AUG 2024
... members," he said. "The asset was well supported by a range of major global investors, however, the impact of the COVID pandemic, volatile macroeconomic conditions, rising interest rates and increasing competition combined to create a very challenging ...

Short-termism damaging Australian economy: CEDA

ELIZA BAVIN  |  TUESDAY, 27 AUG 2024
... Development of Australia (CEDA). "Our record of almost three decades of economic growth, halted only by the COVID-19 pandemic, is unequalled by any other developed economy," CEDA senior economist Melissa Wilson said. "But we also face significant structural ...

Cost of 'comfortable retirement' increases again: ASFA

ANDREW MCKEAN  |  WEDNESDAY, 21 AUG 2024
... health insurance premiums increased by an average of 3.03% from the start of April, marking the largest rise since the pandemic began. This has contributed to the financial burden on retirees, particularly those on fixed incomes, ASFA said. ASFA chief ...

Pandemic-era savings to dry up: CBA

ELIZA BAVIN  |  FRIDAY, 9 AUG 2024
Commonwealth Bank (CBA) has warned that the extraordinary amount of savings Australians amassed during the pandemic will run dry by the end of the year. CBA said Australians had accrued around $300 billion in additional savings during the period, as ...

Australia sees jump in zombie companies

ELIZA BAVIN  |  THURSDAY, 8 AUG 2024
... inflation, and rising interest rates, while the travel and tourism sector saw a decline in zombie companies due to a post-pandemic recovery. Smaller companies, particularly those generating less than $10 million in revenue, were more vulnerable to becoming ...

Markets melt down over 'premature' recession fears

ELIZA BAVIN  |  TUESDAY, 6 AUG 2024
... stock rally has gone too far," Ho said. "Not since March 2020, when markets were spooked by the outbreak of the COVID-19 pandemic, has the ASX experienced such a vicious two-day sell-off." Ho said Australian traders were spooked by the unexpected jump ...