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Showing 81 - 90 of 663 results for "GDP growth"

Chief economist update: The ECB's PEPP economy

BENJAMIN ONG  |  FRIDAY, 5 JUN 2020
... The revised Eurosystem staff macroeconomic projections have now been put in black and white. New forecasts show real GDP growth dropped from +1.2% in 2019 to -8.7% in 2020 (downgraded from +0.8 predicted in March 2020) before recovering to +5.2% in 2021 ...

Chief economist update: Eurozone contraction heads from mild to severe

BENJAMIN ONG  |  THURSDAY, 28 MAY 2020
... emergency longer-term refinancing operations (PELTROs) to provide extra liquidity to banks. In early May, the ECB forecast GDP growth to contract between 5% (mild scenario) and 12% (severe) in 2020. However, on May 27, ECB president Christine Lagarde ...

Chief economist update: Annus horribilis with a vengeance

BENJAMIN ONG  |  FRIDAY, 8 MAY 2020
... events which happened to the royal family back then but she might as well have described the state of the UK economy. UK GDP growth shrank for the seventh straight quarter in June 1992 and the pound sterling was forced out of the Exchange Rate Mechanism ...

Chief economist update: Will emerging markets be first to emerge?

BENJAMIN ONG  |  THURSDAY, 7 MAY 2020
... think this is bad, the IMF sees economic growth dropping by much more in developed economies - it slashed its 2020 GDP growth forecast by 7.7% and now predicts economic growth in advanced economies contracting by 6.1% (from growth of 1.6% forecast in ...

Chief economist update: Labor Day mayday

BENJAMIN ONG  |  FRIDAY, 1 MAY 2020
... place, But if you think a 4.8% annualised rate of contraction in the US economy is bad, consider these: China's GDP growth was reported to have declined by 6.8% in the year to the March 2020 quarter. This is worse than America's... but applying ...

Chief economist update: BOJ expands Enhancement of Monetary Easing

BENJAMIN ONG  |  TUESDAY, 28 APR 2020
... are pulling out all the stops. In its 'Outlook for Economic Activity (April 2020)' report, the BOJ downgraded GDP growth to -0.4 to -0.1% in FY2019 (from +0.8% to 0.9% predicted only in January - before the coronavirus turned into a pandemic) ...

Chief economist update: Turns out Brexit was heaven

BENJAMIN ONG  |  FRIDAY, 24 APR 2020
... three years, Brexit was on every Brits mind - dampening business investment and overall economic activity. UK annual GDP growth has slowed sharply from 2.1% pre-Brexit to 1.1% as at the end of the December 2019 quarter. But in his last meeting as Bank ...

The great fall of China

BENJAMIN ONG  |  MONDAY, 20 APR 2020
... Asia), it would not prevent this lucky country from registering its first recession in 28 years. China's double-digit GDP growth (at the time) shielded Australia from the Great Recession of 2008/09 and the Asian financial crisis a decade earlier. China's ...

How wealth management must respond to COVID-19

ELIZABETH MCARTHUR  |  THURSDAY, 16 APR 2020
... pandemic will continue to worsen. In the event that cases of COVID-19 continue to rise, McKinsey predicts that global GDP growth for 2020 will slow to between 0.5% and 0.9%. A slowing of the spread of the virus over the coming months, alternatively ...

Chief economist update: How deep the global recession?

BENJAMIN ONG  |  WEDNESDAY, 15 APR 2020
... that led it to take a chainsaw and lopped off 6.3% from its 2020 world economic growth forecast to minus 3.0% from GDP growth of 3.3% predicted only three months earlier. "This crisis is like no other. First, the shock is large. The output loss associated ...