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Showing 81 - 90 of 397 results for %22Great Financial Crisis%22

Super funds need to act like banks: PM

ELIZA BAVIN  |  FRIDAY, 17 APR 2020
... actor" in dealing with the effects of COVID-19 and praised the big four banks for their assistance. "The banks are doing a great job; I've got to give them that credit. They are cushioning the blow, balancing things out and they've stepped forward," ...

A decade in the dust

ALLY SELBY  |  THURSDAY, 16 APR 2020
... downgrade of 6.3 percentage points from January 2020, a major revision over a very short period," she said. "This makes the Great Lockdown the worst recession since the Great Depression, and far worse than the Global Financial Crisis." No country will ...

Australia versus the world

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... Miller said, is immensely large even around a central case that is probably the worst the world has confronted since the Great Depression. "I note the Treasurer asserts that the Australian forecasts were put together before the bulk of the government's ...

COVID-19 could end Centrelink stigma

ELIZABETH MCARTHUR  |  THURSDAY, 16 APR 2020
... who find themselves reliant on government assistance during a time of personal crisis or vulnerability," Johns told Financial Standard. "I hope people will be more empathetic now and demand better, more dignified treatment of those seeking our societal ...

Top picks for dividends during COVID-19

KANIKA SOOD  |  THURSDAY, 16 APR 2020
UBS says the dividend dip in Australian stocks in the next year could be worse than the Global Financial Crisis, but six stocks are poised to pay good dividends. In 2008, dividends fell by $10.5 billion (or 28%) to $44.9 billion. But this time, dividends ...

Not the time to sell products

HARRISON WORLEY  |  THURSDAY, 16 APR 2020
... Retire+ chief executive Matt Rady is adamant that the more appropriate behaviour is to support advisers. Speaking to Financial Standard, Rady revealed Allianz Retire+ ceased selling its Future Safe product to new clients as the crisis began to unfold ...

Worse than the Great Depression: IMF

ELIZA BAVIN  |  WEDNESDAY, 15 APR 2020
... This is a downgrade of 6.3 percentage points from January 2020, a major revision over a very short period. "This makes the Great Lockdown the worst recession since the Great Depression, and far worse than the Global Financial Crisis." Gopinath said if ...

Chief economist update: How deep the global recession?

BENJAMIN ONG  |  WEDNESDAY, 15 APR 2020
"It is very likely that this year the global economy will experience its worst recession since the Great Depression, surpassing that seen during the global financial crisis a decade ago. The Great Lockdown, as one might call it, is projected to shrink ...

Vale Ted Evans

ELIZA BAVIN  |  TUESDAY, 14 APR 2020
... through the Global Financial Crisis. Prime Minister Scott Morrison paid tribute to Evans, calling him one of Australia's great public servants. "Ted has left an indelible mark on Australia. As Treasury Secretary, Ted advised the Keating and Howard governments ...

Changes to foreign investment rules hurt managed funds

ALLY SELBY  |  TUESDAY, 14 APR 2020
... protect Australia's businesses from being acquired at the cheap by foreign investors, which occurred during the Global Financial Crisis more than a decade ago. At the time, Frydenberg denied that the move was directed at China. Atlas Advisors Australia ...