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Chief economist update: Wall Street sneezes
BENJAMIN ONG  |  THURSDAY, 27 FEB 2020
It may have started in China and is infecting its way around the planet but the coronavirus hadn't had much impact on equity markets until it hit investor sentiment on Wall Street. Five straight down days have taken returns on the S&P 500 index ...
Chief economist update: COVID-19 solves overtourism in Europe
BENJAMIN ONG  |  WEDNESDAY, 26 FEB 2020
Be careful what you wish for. Many European countries and their citizens have long been complaining about the growing problem of overtourism in their respective cities. Italy, for one, has introduced new rules and regulations prohibiting sitting on ...
Chief economist update: Who's afraid of COVID-19?
BENJAMIN ONG  |  TUESDAY, 25 FEB 2020
Equity markets appeared to be immune several weeks after COVID-19 first made global headlines - it was known as "novel coronavirus" then - with the S&P 500 index and the S&P/ASX 200 index, among others, even hitting record highs. Even heavily-hit China's ...
China vaccinates against corona
BENJAMIN ONG  |  MONDAY, 24 FEB 2020
Weekend reports that COVID-19 is not only multiplying but infecting more countries sent financial markets back. According to Al Jazeera , a total of 76,288 cases and 2345 deaths have been reported in mainland China as at February 21 - there'll be ...
Chief economist update: Aussie employment rises... but so does our unemployment rate
BENJAMIN ONG  |  FRIDAY, 21 FEB 2020
The Australian Bureau of Statistics' (ABS) reported that the economy added 13,500 jobs in January - more than market expectations for an increase of 10,000 - with the creation of 46,200 full-time positions more than offsetting the termination of ...
Chief economist update: Working nine to five, barely getting by
BENJAMIN ONG  |  THURSDAY, 20 FEB 2020
"Workin' 9 to 5, what a way to make a livin' Barely gettin' by, it's all takin' and no givin'..." - Dolly Parton The Australian Bureau of Statistics' (ABS) latest update on the growth of wages among the country's workers ...
Chief economist update: Japan fails to learn from history (yet again)
BENJAMIN ONG  |  TUESDAY, 18 FEB 2020
"Those who do not remember the past are condemned to repeat it." - George Santayana ... and repeat the past, Japan did. Preliminary estimates show that the economy contracted by 1.6% in the last quarter of 2019 following a 0.1% growth (if you could ...
Chief economist update: The virus, the trade deal and the AUD
BENJAMIN ONG  |  MONDAY, 17 FEB 2020
With a covid here, and a covid there, everywhere a covid, even old MacDonald (who had a farm) will get sick reading, hearing and listening to stories and warnings over escalating infection numbers ... E-I-E-I-O. COVID-19 has captured the world's ...
Chief economist update: COVID-19 could hit Australia with triple whammy
BENJAMIN ONG  |  FRIDAY, 14 FEB 2020
The same way as a computer virus freezes the computer's operating system, the coronavirus - renamed COVID-19 - has forced China into lockdown and slowed, if not completely frozen, economic activity in the country. But even without the government-mandated ...
Chief economist update: Australians not confident enough
BENJAMIN ONG  |  THURSDAY, 13 FEB 2020
Latest surveys show an improvement in Australian consumer and business confidence despite concerns over the impact of the bushfires, floods and the coronavirus. The Westpac-Melbourne Institute Index of Consumer Sentiment rose 2.3% to 95.5 in February ...
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