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Showing 1 - 10 of 100+ results for "GDP"

AIC names new chief executive

CASSANDRA BALDINI  |  WEDNESDAY, 3 AUG 2022
... to support an industry that invests in businesses, drives innovation, creates new jobs, and contributes 2.6% to Australia's GDP. "Australia's $42 billion private capital industry makes a significant contribution to realising the opportunities and addressing ...

US enters recession - or does it?

ANDREW MCKEAN  |  FRIDAY, 29 JUL 2022
The US's real gross domestic product (GDP) decreased for the second consecutive quarter, according to the Bureau of Economic Analysis, but don't call it a recession. GDP decreased at an annual rate of 0.9% in Q2, this follows the 1.6% retracement ...

CPI rises, IMF lowers global outlook

ANDREW MCKEAN  |  WEDNESDAY, 27 JUL 2022
... announcement, a White House statement has quashed the traditional recession evaluation method of two consecutive quarters of falling GDP - just one week before GDP data is released. The Biden Administration said: "While some maintain that two consecutive ...

Is the wage price spiral narrative a lie?

ANDREW MCKEAN  |  MONDAY, 18 JUL 2022
... costs then profits will rise." Under these assumptions, macroeconomic data on economy-wide changes in prices, the share of GDP flowing to workers and company profits can shed light on inflation's underlying causes. Data can also reveal the distributional ...

Centuria sets up new agriculture fund

CHLOE WALKER  |  THURSDAY, 23 JUN 2022
... exports, and an $80.4billion gross value agricultural production forecast for 2022, contributing approximately 2% to Australia's GDP." CAF's launch will complement Centuria's existing agriculture trusts. In total, Centuria manages seven agriculture properties ...

RBA spotlights inflation risk of higher wages

ANDREW MCKEAN  |  WEDNESDAY, 22 JUN 2022
... increases and broader economic conditions, but with profits at record levels, productivity high and labour's share of GDP at an all-time low, working people cannot continue to see real pay cuts after a decade of record low wage growth under the previous ...

Active Super kickstarts reward program

ANDREW MCKEAN  |  TUESDAY, 21 JUN 2022
Active Super has launched a Super Booster reward program to accelerate the growth of members' super balances. The Super Booster reward program is a 'set and forget' tool for members to top-up their super balances with eligible retail purchases. ...

OECD projects sharp growth deceleration

ANDREW MCKEAN  |  THURSDAY, 9 JUN 2022
... severe flooding in the states of Queensland and New South Wales." Unlike nearly all other developed countries, Australia's GDP growth projections for 2022 increased slightly from the OECD's December estimate. Though, its inflation projection ...

ASFA, Deloitte recommend group insurance changes

ANDREW MCKEAN  |  FRIDAY, 3 JUN 2022
... an additional 4400 full-time equivalent workers to the Australian economy by 2062," the report said. In this scenario, the GDP would be boosted by $1.1 billion in the 2062 year and a further $126 million in costs of unemployment would be saved. It was ...

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 ...
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