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Search ResultsShowing 1 - 10 of 100+ results for "GDP"
SG increase will impact wage growth: Lowe
ELIZA BAVIN  |  FRIDAY, 14 AUG 2020
... the COVID-19 pandemic the Australian economy is suffering the worst contraction in many decades. "We do not yet have the GDP data for the June quarter, but it will show the biggest economic contraction in many decades, likely to be around 7%," he said. ...
Super fees hit record lows: Research
JAMIE WILLIAMSON  |  THURSDAY, 13 AUG 2020
... 2019-20 - down 5% year on year. If we consider super assets as a share of gross domestic product, this converts to 1.6% of GDP. Looking at 93 not-for-profit funds, 68 retail offerings and seven eligible rollover funds, the average fee charged to members ...
Emerging market debt rebounds
ELIZA BAVIN  |  WEDNESDAY, 12 AUG 2020
... opportunities remain in rates and currencies away from many of the large benchmark constituents." The IMF recently revised GDP forecasts down for EM by two percentage points, to -3.0%. However, Eaton Vance said, for several countries, the outlook appears ...
Chief economist update: Escape from Victoria
BENJAMIN ONG  |  FRIDAY, 7 AUG 2020
... Australian cited Prime Minister Morrison, who said Victoria's lockdown will wipe A$10-12B, or 2.5%, from Australian Q3 GDP. Treasury estimated in July GDP would grow 1.5% in Q3, but with updated estimates the economy is now expected to contract 1%." ...
Chief economist update: Could COVID-19 dissenters be correct?
BENJAMIN ONG  |  TUESDAY, 4 AUG 2020
... splattered in the headlines: From the Australian Financial Review: Victoria's stage four lockdown to shrink national GDP growth Victoria's lockdown to result in extra 250K job losses Victorian small businesses doubt they can survive latest lockdown ...
Chief economist update: A tiny bug takes down the largest economy
BENJAMIN ONG  |  FRIDAY, 31 JUL 2020
... measure has America's economy sinking by a record minus 32.9%. According to the BEA: "The second-quarter decrease in real GDP reflected decreases in consumer spending, exports, inventory investment, business investment, and housing investment that ...
Chief economist update: Cheaper prices not a bargain
BENJAMIN ONG  |  THURSDAY, 30 JUL 2020
... - given the relative deviations of inflation (1.25% average of trimmed mean and weighted median) from target (2.0%-3.0%), GDP growth (1.4% in Q1 2020) from potential (2.75%) and the neutral cash rate (1.25%), the nominal official cash rate should now ...
Chief economist update: No Karens in China
BENJAMIN ONG  |  TUESDAY, 28 JUL 2020
... monetary policy stimulus measures) has already produced kind results. It has saved the economy from a technical recession - GDP growth rebounded by 11.5% in the June quarter (3.2% year-on-year), more than offsetting the 10.0% contraction (minus 6.8% ...
Government announces $184bn deficit
ELIZA BAVIN  |  FRIDAY, 24 JUL 2020
... decisively to provide economic support for workers, households and businesses of around $289 billion or the equivalent of 14.6% of GDP," they said. "This necessary and unprecedented level of economic support, coupled with declines in taxation receipts ...
Chief economist update: Australian outlook under COVID-19
BENJAMIN ONG  |  FRIDAY, 24 JUL 2020
... divide. The Mid-Year Economic and Financial Outlook (MYEFO) - released in December 2019 - predicted a A$5.0 billion (+0.3% of GDP) surplus in FY2019/2020 and A$6.1 billion (+0.3% of GDP) in FY2020/2021. The COVID-19 pandemic has instead, in a few short ...
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