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Showing 1 - 10 of 21 results for "GDP growth forecasts"

Chief economist update: Anchoring the recovery

BENJAMIN ONG  |  TUESDAY, 15 JUN 2021
... significantly improved. So much so, that in its May Economic Outlook report, the OECD upgraded the Eurozone's GDP growth forecasts to 4.3% this year (from 3.6% its predicted in December 2020) and 4.4% in 2022 (from 3.3%). Although still in contraction ...

Chief economist update: Japan's elusive virtuous cycle

BENJAMIN ONG  |  THURSDAY, 6 MAY 2021
... QQE with Yield Curve Control and Negative Interest Rates in 2016. But I digress. While the BOJ upgraded its GDP growth forecasts in its April 2021 Outlook report - 4.0% in 2021 (from 3.9% predicted in January 2021) and 2.4% (from 1.8%) - it doesn't ...

Chief economist update: Not yet time to make a change

BENJAMIN ONG  |  FRIDAY, 30 APR 2021
... the quarterly change were maintained for a full year - both the IMF and the OECD's most recent 2021 US GDP growth forecasts are on the ball, at 6.4% and 6.5%, respectively. The conventional year-over-year measure also provides reason to be raving ...

Chief economist update: ECB gives PEPP talk

BENJAMIN ONG  |  FRIDAY, 12 MAR 2021
... the pandemic low recorded on 18 March 2020. This, notwithstanding only marginal changes in the ECB's GDP growth forecasts. It raised its 2021 growth projection to 4.0% (from the 3.9% it predicted in December 2020) and lowered 2022's to 4.1% from ...

Chief economist update: Government spending made money, saved money

BENJAMIN ONG  |  FRIDAY, 18 DEC 2020
... found in the pudding in the Australian government's budget update, MYEFO, with the upward revision in GDP growth forecasts and downward revisions in the outlook for the unemployment rate and future budget deficits. Spend and intervened the Morrison ...

Chief economist update: Fed acts with inaction

BENJAMIN ONG  |  THURSDAY, 17 DEC 2020
... economy is still expanding. This backs up the Fed's latest economic projections, where it upgraded its GDP growth forecasts to -2.4% in 2020 (from -3.7% forecast in September), +4.2% in 2021 (from 4.0%), and 3.2% in 2022 (from 3.0%). The Fed now ...

Chief economist update: Equity market disconnect

BENJAMIN ONG  |  WEDNESDAY, 10 JUN 2020
... this year (a sharp 7.7 percentage point revision from its January 2020 forecast). The WB downgraded its 2020 GDP growth forecasts for advanced economies by 8.4 percentage points to -7.0%. It expects emerging market and developing economies to contract ...

Chief economist update: Bushfires singe growth, surplus predictions

BENJAMIN ONG  |  WEDNESDAY, 15 JAN 2020
... short of the 2.75% that is considered trend." These compare with the Reserve Bank of Australia's (RBA) GDP growth forecasts - published in its Statement on Monetary Policy (released in November 2019) - of 2.25% at the end of 2019; 2.75% in 2020 ...

Chief economist update: Is the A$ becoming a safe-haven currency?

BENJAMIN ONG  |  MONDAY, 28 OCT 2019
... Latest business and consumer sentiment surveys are down and the IMF has recently slashed Australia's GDP growth forecasts by 0.5 percentage points to 1.7% this year and by 0.4 pps to 2.3% in 2020. That's way more than the 0.2 and 0.1 percentage ...

Chief economist update: Oil market slides from bull to bear

BENJAMIN ONG  |  FRIDAY, 7 JUN 2019
... hit from even weaker economic activity. In its June report, the World Bank recently downgraded its global GDP growth forecasts to 2.6% this year (from 2.9% it predicted in January) and 2.7% (from 2.8%) in 2020. Similarly, IMF managing director Christine ...
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