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Showing 71 - 80 of 596 results for "consumer spending"

Chief economist update: Victoria's secret

BENJAMIN ONG  |  MONDAY, 6 JUL 2020
... and for certain, Victoria's second wave would put upward pressure on unemployment, downward pressure on consumer spending, and overall domestic growth. China's nascent recovery would help. Getting rid of the clown currently occupying the White ...

Chief economist update: The post-pandemic problem

BENJAMIN ONG  |  THURSDAY, 2 JUL 2020
... rate would remain at elevated levels. This could become self-reinforcing where falling prices lead to lower consumer spending - prices would be the same or lower in the future anyway - reduced business sales and investment, unemployment, less household ...

Chief economist update: Extraordinarily uncertain outlook

BENJAMIN ONG  |  TUESDAY, 30 JUN 2020
... businesses are opening their doors, hiring is picking up, and spending is increasing. Employment moved higher, and consumer spending rebounded strongly in May. We have entered an important new phase and have done so sooner than expected," he said. This ...

Chief economist update: Australian recession - the next generation

BENJAMIN ONG  |  THURSDAY, 4 JUN 2020
... stabilised in early May, after the earlier very sharp decline. There has also been a pick-up in some forms of consumer spending." The gradual relaxation of restrictions around the world should help underpin a shallower contraction/growth rebound in the ...

Wage growth, not wage cuts

ALLY SELBY  |  FRIDAY, 29 MAY 2020
... growth would be aggregate demand - either wage or profit-led, he explained. "Wage growth can lead to growth in consumer spending, profit growth can lead to growth in business investment," Keating said. While very large increases in real wages can dent ...

Sentiment weakens as macro threats loom

ALLY SELBY  |  THURSDAY, 21 MAY 2020
... household cash flow improve in Q2 and Q3, before a sharp fall in Q4. "This suggests renewed downside risk to Q4 consumer spending if the economy and labour market has not 'snapped back' strongly enough by then." And in a country with highly leveraged ...

Chief economist update: Pay cut or pay not?

BENJAMIN ONG  |  FRIDAY, 15 MAY 2020
... payments, should keep Australian household incomes afloat and therefore, mitigate a much sharper decline in consumer spending. The gradual easing of social distancing and lockdown restrictions in the country - barring a second wave - would also help. ...

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  MONDAY, 11 MAY 2020
... companies to implement to shore up profits are the same ones that would raise the unemployment some more, reducing consumer spending and decreasing sales and profits. "Happiness equals reality minus expectations"! The Fed and Trump could do more than ...

Millions jobless within weeks: Grattan

HARRISON WORLEY  |  MONDAY, 20 APR 2020
... and households as they take on debt to ride out the COVID-19 crisis could constrain business investment and consumer spending on the public health crisis passes." However, Grattan said that while history shows recovery from periods of high unemployment ...

Chief economist update: Surveys say...

BENJAMIN ONG  |  FRIDAY, 17 APR 2020
... businesses are impacted". This is compounded by the equally sharp drop in consumer confidence and its implication for consumer spending, and by extension, business conditions and confidence. The Westpac-Melbourne Institute index of consumer sentiment ...