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Economics

Recovery expected in 2021: IMF

ELIZA BAVIN  |  TUESDAY, 24 MAR 2020
Although the outlook for 2020 looks bleak, recovery is on the cards for 2021, according to IMF managing director Kristalina Georgieva.

Chief economist update: Lock us down Scotty!

BENJAMIN ONG  |  TUESDAY, 24 MAR 2020
Australia needs to nip COVID-19 in the bud and lockdown before everything gets out of hand and we're forever throwing good money after this bad virus.

Chief economist update: What happens in China...

BENJAMIN ONG  |  MONDAY, 23 MAR 2020
Unless a vaccine is discovered soon, the world will just have to shut down all commerce and social activities if we are to live and make wealth another day.

Chief economist update: Cash splash

BENJAMIN ONG  |  FRIDAY, 20 MAR 2020
Most economists expect the global economy to rebound in the second half of 2020 - under the presumption, of course, that the coronavirus is licked by then. But what if it's not?

RBA pulls QE trigger

ELIZA BAVIN  |  THURSDAY, 19 MAR 2020
The reserve bank has taken unprecedented action, cutting the interest rate to 0.25% outside of planned meetings, to a new historical low.

Chief economist update: Water, water everywhere and not a fish to catch

BENJAMIN ONG  |  THURSDAY, 19 MAR 2020
Just as the world overcame other crises in the past - GFC, Asian financial crisis, Japan's deflation in the early 1990s, the 1987 crash, stagflation in the 70s and, of course, the Great Depression of the 1930s - this too shall pass.

World rolls out stimulus

ELIZA BAVIN  |  WEDNESDAY, 18 MAR 2020
As Prime Minister Scott Morrison updated Australians about the measures being taken at home to stop the spread of COVID-19, other nations around the world announced their own stimulus packages to cushion the economic burden.

Chief economist update: Australian recession here we come

BENJAMIN ONG  |  WEDNESDAY, 18 MAR 2020
As one country after another self-isolates itself to contain the growing COVID-19 pandemic, the likelihood that Australia's 28-year run of growth sans recession will come to an end has increased.

Chief economist update: China leads the way

BENJAMIN ONG  |  TUESDAY, 17 MAR 2020
The Shanghai composite index is now the best-performing stock market in the world (or at least compared with other major equity markets).

Australia narrowly avoids 0.9% GDP blow: KPMG

ALLY SELBY  |  MONDAY, 16 MAR 2020
The COVID-19 pandemic would have served Australia's GDP a 0.9% blow if it hadn't been for the government's $17.6 billion economic stimulus package, according to research released today by KPMG.