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Search ResultsShowing 1 - 10 of 100+ results for "OECD"
Chief economist update: The post-pandemic problem
BENJAMIN ONG  |  THURSDAY, 2 JUL 2020
... IMF predicts that world economic output will drop by 4.9% this year (after an estimated expansion of 2.9% in 2019). The OECD was more pessimistic, forecasting world GDP growth to contract between 6.0% in 2020 (under a single-hit scenario) and 7.3% (under ...
SG does wonders for households: Research
JAMIE WILLIAMSON  |  MONDAY, 29 JUN 2020
... 12%, the amount spent on the Age Pension should drop to 2.6% of GDP over the period to 2054-55, ASFA predicts. In contrast, OECD expenditure on public pensions averages 8.8% of GDP and is expected to increase to 9.4% in the next 30 years. ASFA argued ...
Chief economist update: This rebound is brought to you by the letter V
BENJAMIN ONG  |  MONDAY, 29 JUN 2020
... plumbed in the middle of March this year. Latest forecasts by the Organisation for Economic Cooperation and the Development (OECD) and the International Monetary Fund (IMF) tells the same story. The 'OECD Economic Outlook, June 2020' report shows ...
Chief economist update: Still the best and better than all the rest
BENJAMIN ONG  |  THURSDAY, 25 JUN 2020
... 4.5% this year, a 2.2 percentage point improvement from its April forecast. This is the same message delivered by the 'OECD Economic Outlook, June 2020' report, which has Australia's economy being the least worst among the club of rich nations ...
Chief economist update: Japan on the mend but BOJ, Abe not taking any chances
BENJAMIN ONG  |  WEDNESDAY, 24 JUN 2020
Japanese Prime Minister Shinzo Abe's lifting of the state of emergency in the country on May 25 has been rewarded with encouraging indications of recovery in the economy. This is highlighted by the improvement in the au Jibun Bank Japan PMI surveys. ...
FIIG calls for taxation, regulatory overhaul
ELIZA BAVIN  |  FRIDAY, 19 JUN 2020
... classes that distorts asset allocation practises in Australia. FIIG said as a result they are extremely different to other OECD countries and materially divergent from what is considered to be well documented best practice. Jim Stening, chief executive ...
Chief economist update: Honey, COVID-19 got me sacked
BENJAMIN ONG  |  FRIDAY, 19 JUN 2020
... JobSeeker initiatives. The RBA forecast the unemployment rate to reach 10% in June before settling at 9% by end-2020. The latest OECD (June report) was kinder, predicting the country's jobless rate to rise to 7.4% this year (under a single covid ...
Chief economist update: COVID-19 nightmare makes Brexit a dream
BENJAMIN ONG  |  THURSDAY, 18 JUN 2020
... Forecasts of rising unemployment - between 8% this year (BOE) to 9.1% (single coronavirus hit) and 10.4% (double hit) from the OECD - suggest further slowdown in domestic consumption. It is not surprising, therefore, that financial markets expect the ...
Chief economist update: The power of money (and a cure)
BENJAMIN ONG  |  WEDNESDAY, 17 JUN 2020
"...and I think to myself, what a wonderful world." -- Louis Armstrong It seems a long, long time ago but it's only been three whole trading days (June 11) since Wall Street suffered a big fall - the day US benchmark equity indices closed sharply ...
We cannot prevent the blow: PM
ELIZA BAVIN  |  TUESDAY, 16 JUN 2020
... save every business. "Australia is expected to have the third lowest fall in GDP in 2020 of all economies surveyed by the OECD," Morrison said. "But the hit to our economy, we must understand, is significant despite our relatively strong performance ...
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