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Economics

Chief economist update: Australian pessimism eases

BENJAMIN ONG  |  THURSDAY, 10 SEP 2020
Just in time for the Southern Hemisphere spring season, latest surveys showed both business and consumer confidence in Australia springing back up.

Chief economist update: The second oil price discounting wave

BENJAMIN ONG  |  WEDNESDAY, 9 SEP 2020
Don't look now but it appears that it's not just COVID-19 seeing a second wave. Saudi Arabia is also taking a second bite on oil price discounting.

Chief economist update: Is Dan still the man?

BENJAMIN ONG  |  TUESDAY, 8 SEP 2020
Victorian premier Dan Andrews is copping it left, right and centre - citizens, businesses, medical experts, politicians - after dangling and later extending (by another two weeks) the planned September 13 end of lockdown.

Chief economist update: V in US recovery at risk

BENJAMIN ONG  |  MONDAY, 7 SEP 2020
The US has recorded its fourth straight monthly increase in employment and unemployment is back down to single digits, but that doesn't mean consumer confidence has improved.

Chief economist update: Australia on top despite recession

BENJAMIN ONG  |  FRIDAY, 4 SEP 2020
While we, Australians all, continue to shudder at the economy's first recession in 29-years, our nation - to use Old Blue Eyes' song - remains "Top of the list, King of the hill, A number one..."

Chief economist update: Australia succumbs to pandemic-induced recession

BENJAMIN ONG  |  THURSDAY, 3 SEP 2020
Australian economic growth contracted by 7.0% in the June quarter - the biggest fall on record since 1959 and worse than market expectations for a 5%-6% fall - that followed a 0.3% decline in the March 2020 quarter, satisfying the technical definition ...

Official recession not that scary: Economists

ELIZA BAVIN  |  THURSDAY, 3 SEP 2020
The Australian economy fell 7% in the June quarter, spelling two consecutive quarters of economic contraction, officially marking the nation's first recession since 1991.

JobKeeper extension passed

ELIZA BAVIN  |  WEDNESDAY, 2 SEP 2020
The government's JobKeeper extension has been passed through parliament, prolonging the payments through till March 2021 and tapering the amount from December 2020.

Chief economist update: RBA increases and extends TFF

BENJAMIN ONG  |  WEDNESDAY, 2 SEP 2020
What came as a bit of a surprise was the RBA board's decision to increase and extend its Term Funding Facility.

Chief economist update: AUD on the up and up

BENJAMIN ONG  |  TUESDAY, 1 SEP 2020
Financial markets view the AUD as a risk currency and there's many trends propelling its momentum, but is there any point in watching its direction?