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Search ResultsShowing 1 - 10 of 100+ results for "GDP"
Chief economist update: Good or bad news is good Wall Street news
BENJAMIN ONG  |  THURSDAY, 22 OCT 2020
... 28.4% surged so far this year goes against all logic considering the state of the US economy which is in deep recession - GDP contracted at an annualised rate of 5.0% in the March 2020 quarter and a record 31.4% in the second quarter - and, although ...
Chief economist update: Japan's second wave
BENJAMIN ONG  |  WEDNESDAY, 21 OCT 2020
... from -17 in the previous one (also an 11-year low). But with a hole as deep as the 28.1% annualised rate of contraction in GDP in the June quarter - the worst on record -- the fresh prime minister of Japan has his work cut out for him. The severity of ...
Chief economist update: Middle Kingdom on top
BENJAMIN ONG  |  TUESDAY, 20 OCT 2020
... to redirect its focus and resources on sustaining and strengthening the economic recovery. It's on its way. China's GDP expanded by 4.9% in the year to the September quarter, strengthening from the June quarter's growth of 3.2% which itself ...
Chief economist update: COVID-19 returns to Europe with a vengeance
BENJAMIN ONG  |  MONDAY, 19 OCT 2020
... have been hit by intensifying virus concerns". At its September meeting, the European Central Bank (ECB) forecast Eurozone GDP contracting by 8% in 2020 - better than the 8.7% slump predicted in June. Growth projections for the year 2021 and 2022 were ...
Chief economist update: Budget me this Batman
BENJAMIN ONG  |  MONDAY, 12 OCT 2020
... precious few worrying about the implications of the Morrison government's historic fiscal expenditure - amounting to 11% of GDP this fiscal year -- on the nation's debt - that would reach more than a trillion A-dollars over the next three years ...
AAA rating holds on by a thread
ELIZA BAVIN  |  WEDNESDAY, 7 OCT 2020
... spending in response to the health and economic crisis will cause large fiscal deficits and a sharp increase in government debt/GDP." Despite the revised outlook, Australia will hold on to its AAA rating for the time being, Fitch said, because of the ...
Chief economist update: Splish splash, budget cash
BENJAMIN ONG  |  WEDNESDAY, 7 OCT 2020
... Treasury's cash splash. This is underscored by the Budget estimates. While the underlying cash deficit would erode from 4.3% of GDP in the 2019/20 fiscal year to 11.0% this year, the government's largesse would enable Australia's fiscal balances ...
Government declares record deficit, super reforms
JAMIE WILLIAMSON  |  TUESDAY, 6 OCT 2020
... debt will increase to $703 billion, or 36% of gross domestic product, this year. This will peak at $966 billion or 44% of GDP in June 2024, he said. "This is a heavy burden, but a necessary one to responsibly deal with the greatest challenge of our time," ...
Chief economist update: Pandemic, what pandemic?
BENJAMIN ONG  |  THURSDAY, 1 OCT 2020
... Outlook Interim Report puts it: "All G20 countries with the exception of China will have suffered recession in 2020." Chinese GDP grew by 3.2% in the year to the June quarter after contracting by 6.8% in the first. Recent stats indicate the economy continuing ...
Chief economist update: The W in the second wave
BENJAMIN ONG  |  TUESDAY, 29 SEP 2020
... growth average of 4.8% (single-hit) or 2.2% (double-hit). The IMF's projections send the same message. It expects Eurozone GDP growth to bounce back by 6.0% in 2021, stronger than the 4.8% recovery in advanced economies. The sharp recovery in the ...
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