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Economics

Chief economist update: COVID-19 cuts capex

BENJAMIN ONG  |  MONDAY, 31 AUG 2020
Why is it that the recent ABS report on capital expenditure and expected expenditure got little to no attention?

Chief economist update: Fed heads for the mountain

BENJAMIN ONG  |  FRIDAY, 28 AUG 2020
True to its legend, the Jackson Hole symposium - online as it may be this year due to the pandemic - produced another significant shift in US monetary policy.

Household debt a major risk: RBA

ELIZA BAVIN  |  THURSDAY, 27 AUG 2020
The long-run rise in household indebtedness has increased concerns about the risks this poses globally to banking sectors and economies more broadly, according to the Reserve Bank of Australia.

Chief economist update: Japan economy tanks depsite looser restrictions

BENJAMIN ONG  |  THURSDAY, 27 AUG 2020
Japan may have imposed less stringent coronavirus containment measures relative to its peers but even this didn't stop its economy from contracting big time, for the third consecutive quarter.

Chief economist update: Communists' party

BENJAMIN ONG  |  WEDNESDAY, 26 AUG 2020
The post-pandemic pool party at Wuhan Maya Beach Water Park that went viral on August 17 garnered negative - "a slap in the face to the rest of the world" - and positive - fruit of its hard lockdown, responses.

Chief economist update: Comeback COVID

BENJAMIN ONG  |  TUESDAY, 25 AUG 2020
COVID-19 has well and truly made a comeback, especially in the Eurozone, and it's hitting economic activity hard.

Chief economist update: Gone fishing

BENJAMIN ONG  |  MONDAY, 24 AUG 2020
Give a man a fish and you feed him for a day, teach a man to fish and you feed him for a lifetime. RBA governor Philip Lowe may as well have said this when appearing before the Standing Committee on Economics.

Chief economist update: Second wave turning our V into a W

BENJAMIN ONG  |  FRIDAY, 21 AUG 2020
Australia's private sector activity is back - back in contraction that is.

Chief economist update: Worse news is better news

BENJAMIN ONG  |  THURSDAY, 20 AUG 2020
Health may be wealth but in the US of A, wealth trumps (pun intended) health.

S&P 500 rebounds from COVID-losses

ELIZA BAVIN  |  WEDNESDAY, 19 AUG 2020
The S&P 500 closed at a record high overnight, rebounding from the massive COVID-19-related losses that have rocked global markets.