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| | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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," ... |
| | | | ... 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 ... |
| | | | ... 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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| | KANIKA SOOD Aware Super is implementing a new suite of technology products that will allow it to in-source member experience, including administration, so far done by Mercer. | ELIZABETH MCARTHUR Russell Investments has launched a new personalised super product, replacing its MySuper offering as it eyes mandates from other funds. | | | KARREN VERGARA An investment advisory boutique which soft launched in September, headed by former PwC chief executive Luke Sayers, has bolstered its leadership team. | ELIZA BAVIN Design and distributions obligation (DDO) reforms may have been pushed back to October next year as a result of COVID-19 but ASIC said it is top of the priority list for 2021. |
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