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Showing 1 - 10 of 46 results for "GDP growth forecast"

Australian housing crisis escalates as affordability worsens

ANDREW MCKEAN  |  MONDAY, 8 APR 2024
... (RBA) rate hikes last year, with a backdrop of a continuing population boom, UBS has slightly increased its GDP growth forecast. UBS projects a year-over-year GDP growth of 1.6% for 2024, up from the initial 1.5%, and an increase to 2.2% for 2025, from ...

Chief economist update: UK not there yet

BENJAMIN ONG  |  FRIDAY, 25 JUN 2021
... forward guidance underpinned these positive reactions in the financial markets. For while the BOE upgraded its GDP growth forecast to 5.5% in the June quarter from the 4.25% estimated in May and forewarned that "CPI inflation is expected to pick up further ...

Chief economist update: Anchoring the recovery

BENJAMIN ONG  |  TUESDAY, 15 JUN 2021
"We have to take the economy through the pandemic and into a recovery phase, which has now started. We need to really anchor the recovery. We always talk about inflation anchoring and we are not oblivious to that. But the recovery needs to be firm ...

Chief economist update: A delicate balancing act

BENJAMIN ONG  |  FRIDAY, 4 JUN 2021
... upgrade to global growth. In its 'Economic Outlook, May 2021' report, the OECD upgraded its global GDP growth forecast to by 5.8% this year and by 4.4% in 2022. This compares with the 5.6% and 4.0%, respectively, it forecast in March and a sharp ...

Chief economist update: RBA cash rate on ice until 2024

BENJAMIN ONG  |  WEDNESDAY, 2 JUN 2021
... economic recovery has been stronger than expected and would continue to do so. The RBA revised up its 2021 GDP growth forecast to 4.75% (from 3.5% predicted in its February statement). Only a day before, the OECD's 'Economic Outlook' report ...

Chief economist update: Japan's elusive virtuous cycle

BENJAMIN ONG  |  THURSDAY, 6 MAY 2021
As expected, the Bank of Japan's (BOJ) monetary policy board decided to keep current settings unchanged at its April meeting. Ever the optimist, the BOJ summarised its view in its "Outlook for Economic Activity and Prices (April 2021)" report, saying ...

Chief economist update: A date with the RBA in July

BENJAMIN ONG  |  WEDNESDAY, 5 MAY 2021
... the Term Funding Facility and the government bond purchase program". As expected, it lifted Australia's GDP growth forecast to 4.75% this year - now in line with both the OECD and IMF's latest projections - from 3.5% it predicted in its February ...

Chief economist update: Not yet time to make a change

BENJAMIN ONG  |  FRIDAY, 30 APR 2021
"It's not time to make a change Just relax, take it easy..." - Cat Stevens This is the US Federal Reserve's message to the markets at the conclusion of its April FOMC meeting in its efforts to calm concerns over rising inflation expectations ...

Chief economist update: RBA promises support over the next three years

BENJAMIN ONG  |  WEDNESDAY, 7 APR 2021
... OECD's 'Economic Outlook' March 2020 quarter interim report that upgraded Australia's 2021 GDP growth forecast by 1.3 percentage points to 4.5%. But like most other world central banks, the RBA cannot afford to rest on its laurels because ...

Chief economist update: Australia's virtuous cycle keeps on turning

BENJAMIN ONG  |  MONDAY, 29 MAR 2021
... in its 'Economic Outlook' March 2020 quarter interim report, the OECD upgraded Australia's 2021 GDP growth forecast by 1.3 percentage points to 4.5%. With the Reserve Bank of Australia (RBA) maintaining its guidance to provide continued policy ...
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