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Showing 1 - 10 of 25 results for "Australian GDP"

GDP rises but headwinds abound

ANDREW MCKEAN  |  THURSDAY, 2 JUN 2022
Beating consensus estimates, the Australian GDP rose 0.8% in Q1 and 3.3% year on year. While more positive than expected, the latest figures represented a slowdown from the 3.4% GDP growth realised last quarter. Barclays said the most recent GDP numbers ...

Economic recap: Week to July 23

BENJAMIN ONG  |  MONDAY, 26 JUL 2021
... the economy of up to $1 billion weekly. Both agree that the longer the lockdown, the higher the probability that Australian GDP would contract in the September quarter. The uncertainty created by the Delta outbreak rendered the minutes of the RBA's ...

Chief economist update: RBA cash rate on ice until 2024

BENJAMIN ONG  |  WEDNESDAY, 2 JUN 2021
... predicted in its February statement). Only a day before, the OECD's 'Economic Outlook' report upgraded Australian GDP growth to 5.1% this year (from 4.75% it forecast in March and 3.2% in December 2020. This stronger economic growth would ...

Housing market reaches new heights

ANNABELLE DICKSON  |  FRIDAY, 7 MAY 2021
... CoreLogic head of research Eliza Owen said. "This puts Australian residential property at around four times the size of Australian GDP, and around $1 trillion more than the combined value of the ASX, superannuation and commercial real estate stock combined." ...

Chief economist update: Confidence contagion

BENJAMIN ONG  |  THURSDAY, 11 MAR 2021
... trillion coronavirus relief package. This compares with the OECD's 1.3 percentage point upward revision for Australian GDP growth this year to 4.5% in the year 2021, which I'm pretty sure factored in the end of JobKeeper and coronavirus supplements ...

Chief economist update: Inflation lifted by smokers with young children and homebuilders

BENJAMIN ONG  |  THURSDAY, 28 JAN 2021
... rebound in GDP in the third quarter and the better than predicted fall in the country's unemployment rate. Australian GDP grew by 3.3% in the September quarter following two consecutive quarters of contraction -- -0.3% in the March quarter and -7.0% ...

Chief economist update: Australian outlook under COVID-19

BENJAMIN ONG  |  FRIDAY, 24 JUL 2020
... OECD provided calendar year forecasts, comparing apples with apples, the OECD's economic outlook report puts Australian GDP growth (or should I say contraction) this year only second smallest to South Korea among the G20 - 5.0% (single hit); 6.3% ...

Chief economist update: Still the best and better than all the rest

BENJAMIN ONG  |  THURSDAY, 25 JUN 2020
... G7 economies revised deeper. As luck would have it, the IMF revised the country's outlook - it now expects Australian GDP to fall by 4.5% this year, a 2.2 percentage point improvement from its April forecast. This is the same message delivered by ...

Chief economist update: Australia needs China more than it needs us

BENJAMIN ONG  |  FRIDAY, 22 MAY 2020
... for around 20% of the country's GDP. If my maths serves me right, exports to China is worth around 1.4% of Australian GDP. If Australia- China trade stops completely, Canberra loses US$88 billion worth of exports to Beijing. China improves its trade ...

Chief economist update: Australian recession here we come

BENJAMIN ONG  |  WEDNESDAY, 18 MAR 2020
... the supply chain. The drought and bushfires already raised the likelihood of a negative first quarter 2020 for Australian GDP, the coronavirus guarantees a second quarter - putting the economy in a technical recession. Having said this, reports that ...
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