Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 9 of 9 results for "GDP contraction"

Chief economist update: Deflated expectations lift deflation expectations

BENJAMIN ONG  |  THURSDAY, 10 JUN 2021
... months running to -0.1% in the year to April. Certainly, the upward revision in Japan's March 2021 quarter GDP contraction to an annualised rate of 3.9% (from the preliminary estimate of 5.1%) is cause for optimism. Then again, the economy shifting ...

Chief economist update: COVID with a vengeance

BENJAMIN ONG  |  WEDNESDAY, 13 JAN 2021
Brexit is over. But even before the UK and the EU shook hands on the post-Brexit trade and cooperation pact on 24 December 2020 and before the ink on the signatures of European Commission President Ursula von der Leyen, European Council President Charles ...

AAA rating holds on by a thread

ELIZA BAVIN  |  WEDNESDAY, 7 OCT 2020
... prior to the current exogenous shock," it said. Fitch said the key drivers of the revised outlook were the sharp GDP contraction and the deterioration of public finances. "Fitch's latest GDP growth forecast of -3.6% reflects the resurgence of the virus ...

Melburnians back in the lockup

BENJAMIN ONG  |  WEDNESDAY, 8 JUL 2020
... its neighbours that will, ultimately, delay the country's recovery from recession and/or deepen the ongoing GDP contraction. This, as much, was what Federal Treasurer Josh Frydenberg said in his interview with 'The Australian Financial Review'... ...

Chief economist update: How deep the global recession?

BENJAMIN ONG  |  WEDNESDAY, 15 APR 2020
... (in July 2008 before Lehmann Bros collapse in September of the same year) in succession all the way to a global GDP contraction of 1.4% in July 2009. As late as October 2009, the IMF predicted world GDP to decline by 1.1%. As it turned out, world economic ...

Chief economist update: Great Scott! Mighty Mo to the rescue

BENJAMIN ONG  |  TUESDAY, 31 MAR 2020
... this. Au contraire, the government's biggest ever stimulus package has economists chopping their forecasts GDP contraction by as much as 80% and their unemployment rate predictions nearly halved from 16% to just around 8.5%. So much so that the All ...

But they said it was Iraq

BENJAMIN ONG  |  THURSDAY, 26 JUN 2014
... and the first's minus 0.1%. This is worse than market expectations for an adjustment to minus 1.8% and the worst GDP contraction since the 5.4% decline back in the March quarter of 2009. No worries. This, after all, is the economic story that happened ...

Wow on Wall Street

BENJAMIN ONG  |  THURSDAY, 26 APR 2012
... the March quarter that followed a 0.3% contraction in the fourth quarter of last year. What does a back-to-back GDP contraction spell? A technical recession, that's what. Certainly, the Cameron government's spending cuts and increased taxes have something ...

Market Wrap - Midday

AAP  |  TUESDAY, 2 DEC 2008
... semantics of it but the traditional metric for defining a recession has not been achieved [two consecutive quarters of GDP contraction]. "I was a bit perplexed by the markets reaction to that but that's the times we live in - any kind of negative news ...
PAGE:
1