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Showing 81 - 90 of 190 results for "Trade war"

Chief economist update: Will Australia avoid another global recession?

BENJAMIN ONG  |  FRIDAY, 16 AUG 2019
... the EU, climate change, etc. The debilitating effect of which has now prompted Japan and South Korea to engage in a trade war of their own. There's Brexit and the recent contraction in Germany's economy and increased political uncertainty in ...

Chief economist update: Race to the bottom redux

BENJAMIN ONG  |  THURSDAY, 8 AUG 2019
... demand for their goods and services are weakening due to the global growth slowdown resulting from the on-going US-China trade war. While current labour market stats indicate continued strong employment growth, consumers would not want to borrow for ...

Chief economist update: RBA heading to zero

BENJAMIN ONG  |  WEDNESDAY, 7 AUG 2019
... fall below the psychological threshold of CNY7.0/US$1) highlights just how determined the US president is to win the trade war. Yes Virginia, China's officially a "currency manipulator" in America's eyes - not when it was intervening to keep ...

Chief economist update: Look out below

BENJAMIN ONG  |  TUESDAY, 6 AUG 2019
... announcement of the imposition of a 10% tariff on the remaining US$300 billion worth of Chinese imports not yet covered by the trade war. No more Mister Nice Guy! It appears that Trump has pushed China back so hard against the wall that it's now ...

Chief economist update: Australia needs a cheaper A$

BENJAMIN ONG  |  TUESDAY, 9 JUL 2019
... slowing Chinese economy - our biggest export client - and the downward pressure exerted on it by Beijing's on-going trade war with Washington. Much will depend on the Fed - and its bias/action on the fed funds rate. The RBA would have to at least ...

Chief economist update: BOE flips tightening bias to easing

BENJAMIN ONG  |  MONDAY, 8 JUL 2019
... Association Annual Conference and Exhibition in Bournemouth, BOE governor Mark Carney declared that: "For now, a global trade war and a No Deal Brexit remain growing possibilities not certainties. Monetary policy must address the consequences of such ...

Chief economist update: Iron ore on the up and up

BENJAMIN ONG  |  MONDAY, 1 JUL 2019
... (through infrastructure spending) in order to lessen the dampening impact on China's economy wrought by the US-China trade war, would continue to underpin Chinese infrastructure investment and by extension, demand for steel and its raw material ...

Chief economist update: Surveys back All Ords climb

BENJAMIN ONG  |  MONDAY, 24 JUN 2019
... stop me now..." - Queen Despite the ongoing uncertainty over the slowdown in global economic activity, the lingering trade war and now, geopolitical concerns (prompted by the developing US-Iran stoush), the Australian equity market keeps on climbing. ...

Chief economist update: BOE lets peers do the heavy lifting

BENJAMIN ONG  |  FRIDAY, 21 JUN 2019
... towards higher interest rates - as opposed to rate-cutting tendencies among its peers - is correct. An escalation of the trade war and a royal unruly Brexit could force its hand towards a rate cut instead. However, the stimulus derived from other major ...

Chief economist update: Another RBA rate cut should be enough

BENJAMIN ONG  |  MONDAY, 17 JUN 2019
... Just think about the boost a cheaper currency brings to our exports - more than 20% of GDP - despite the overhanging trade war. The free-floating A$ is now responding and doing what it does best - restore equilibrium in the domestic economy. The A$ absorbed ...