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Economics

GDP to contract 10%: CBA

ELIZA BAVIN  |  THURSDAY, 2 APR 2020
Commonwealth Bank chief Matt Comyn said the bank is anticipating a 10% contraction of GDP in the March quarter, doubling his prediction from last week.

Chief economist update: AUD depreciation no cure for coronavirus

BENJAMIN ONG  |  THURSDAY, 2 APR 2020
The coronavirus health emergency that's virtually frozen most economic activity around the world has shown us the limits of currency depreciation.

Extended lockdown could spur worst recession on record: Grattan

ALLY SELBY  |  WEDNESDAY, 1 APR 2020
A six-month lockdown could spur Australia's worst recession since the Second World War, if not the Great Depression, according to the Grattan Institute's Brendan Coates.

First in first out?

BENJAMIN ONG  |  WEDNESDAY, 1 APR 2020
As if reports that China hasn't recorded any domestically-transmitted cases of the coronavirus for several days running aren't good news enough, the latest purchasing managers' survey from the National Bureau of Statistics(NBS) provides an early indication ...

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

BENJAMIN ONG  |  TUESDAY, 31 MAR 2020
ScoMo's stimulus splurge might not stop Australia from registering its first recession in 28 years but it'll keep it short and shallow.

Chief economist update: A whole new world

BENJAMIN ONG  |  MONDAY, 30 MAR 2020
What will be the new world economic order after this crisis has passed?

Chief economist update: Honey, COVID-19 got me sacked

BENJAMIN ONG  |  FRIDAY, 27 MAR 2020
The virus will dictate the time it takes for economic activity to return to normal, just as it will dictate the depth of the recession, the height of the unemployment rate and the amount of additional dollars spent to bribe it to go away.

RBA expands stimulus measures to states

ELIZA BAVIN  |  THURSDAY, 26 MAR 2020
The Reserve Bank of Australia has injected around $2 billion into state bonds, as it expands its unconventional monetary policy measures.

Chief economist update: COVID-19 eating into jobs

BENJAMIN ONG  |  THURSDAY, 26 MAR 2020
The White House and US Senate finally reached a deal on stimulus, generating optimism in the markets. But how long will the optimism last?

Chief economist update: The cheaper alternative

BENJAMIN ONG  |  WEDNESDAY, 25 MAR 2020
Three weeks of pain and isolation - which could probably be extended - may be a tall ask but it's a small sacrifice to make for a healthier and wealthier tomorrow.