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Economics

Chief economist update: Europe, we have a problem

BENJAMIN ONG  |  THURSDAY, 29 OCT 2020
Just as we rejoice for the easing of restrictions on home soil, Europe is now facing the tough task of implementing harsher restrictions as COVID-19 infection rates grow.

Chief economist update: The recession is over

BENJAMIN ONG  |  WEDNESDAY, 28 OCT 2020
The Australian recession is over, if Reserve Bank of Australia deputy governor Guy Debelle is to be believed.

Chief economist update: Victoria's victory

BENJAMIN ONG  |  TUESDAY, 27 OCT 2020
The state's reopening will unleash Victorian households' pent-up demand and revive consumer spending that, in turn, lifts business revenues, profits and employment. This virtuous Victorian circle would have positive flow-on effects on the whole entire ...

Tasmania remains best performing state: CommSec

ANNABELLE DICKSON  |  MONDAY, 26 OCT 2020
Tasmania has retained its status as having the best performing economy in Australia for the third consecutive quarter, CommSec research shows.

Chief economist update: A V, a W and an L

BENJAMIN ONG  |  MONDAY, 26 OCT 2020
The latest results from the monthly Markit Economics PMI draws a picture of the three shapes of the economic recovery or otherwise.

Chief economist update: The UK's new plan... after two plans

BENJAMIN ONG  |  FRIDAY, 23 OCT 2020
In response to another wave, the UK has implemented another plan to support businesses and workers - the third plan in just months.

Chief economist update: Good or bad news is good Wall Street news

BENJAMIN ONG  |  THURSDAY, 22 OCT 2020
So why is Wall Street jumping up and down and going round and round on news of progress or otherwise on stimulus talks? More to the point, why the need for more stimulus when the economy - as recent indications show - is on its way to a virtuous circle ...

Chief economist update: Japan's second wave

BENJAMIN ONG  |  WEDNESDAY, 21 OCT 2020
Japan's new prime minister was off to a relatively good start when assuming office, but now with a 28% contraction in GDP, he's got his work cut out for him.

Chief economist update: Middle Kingdom on top

BENJAMIN ONG  |  TUESDAY, 20 OCT 2020
China's cruel to be kind policy is continuing to pay dividends, with its GDP expanding 4.9% in the 12 months to the September quarter.

Chief economist update: COVID-19 returns to Europe with a vengeance

BENJAMIN ONG  |  MONDAY, 19 OCT 2020
The rate of increase in infections is such that the World Health Organization (WHO) predicts that death rates could be four to five times more by January 2021 than they were in April this year.