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Search ResultsShowing 1 - 10 of 100+ results for "GDP"
Wage growth, not wage cuts
ALLY SELBY  |  FRIDAY, 29 MAY 2020
... almost halved during the time it was overestimated, and it seems likely this is related to a similar decline in the growth of GDP," Keating said. This is because productivity, population and workforce participation combined were growing strongly, he ...
Chief economist update: Better than all the rest
BENJAMIN ONG  |  FRIDAY, 29 MAY 2020
... European Central Bank (ECB) warning that the Eurozone economy is approaching its worst-case scenario (a 12% drop in 2020 GDP); Japan unleashing a second supplementary budget ¥117.1 trillion (US$1.1 trillion) -- taking total stimulus spending to ¥230 ...
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: Japan reopens for business
BENJAMIN ONG  |  TUESDAY, 26 MAY 2020
... workers who cannot work online. It couldn't have come soon enough for an economy that's now in deep recession. Japanese GDP plunged at an annualised rate of 7.3% in the December quarter - as private spending tanked after the government lifted ...
Balanced funds fundamentally flawed
ALLY SELBY  |  MONDAY, 25 MAY 2020
... correlated to growth assets than previously believed, he said. "Airports, commercial property, and corporate credit are linked to GDP expectations as the global shutdown has graphically exposed," Rachcoff said. "It means many traditional 'balanced funds' ...
Chief economist update: Australia needs China more than it needs us
BENJAMIN ONG  |  FRIDAY, 22 MAY 2020
... (7.0%), India (4.9%), US (3.8%), and Singapore (2.9%) combined. Australian exports account 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 ...
Proceed with caution: Janus Henderson
ALLY SELBY  |  TUESDAY, 19 MAY 2020
... consequences on a country that relies on personal consumption, he argued, with personal spending accounting for roughly 70% of US GDP. "And still undetermined are the inevitable changes in consumer behaviour brought about by the pandemic that will further ...
Australia facing largest ever GDP fall
ELIZA BAVIN  |  WEDNESDAY, 13 MAY 2020
Treasurer Josh Frydenberg outlined a bleak future for the Australian economy in a speech to parliament, forecasting GDP to fall over 10% in the June quarter. The figure would be the largest contraction in GDP in Australia's history. "At $50 billion ...
Chief economist update: China's beef with Australia
BENJAMIN ONG  |  WEDNESDAY, 13 MAY 2020
... line to take the hit from Beijing. This would surely put a dent in Australia's agricultural exports which makes up 3% of GDP and brings in around 13% of total exports income ... and the workers employed in the industry and the ancillary sectors that ...
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 ...
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