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|The International Monetary Fund has predicted Australia's GDP will be -6.7% this year due to the effects of COVID-19.|
|Looking back at the IMF's forecasting history during the GFC, as late as October 2009 it predicted world GDP to decline by 1.1%. As it turned out, world economic growth contracted (based on IMF data) by 0.7% in 2009.|
|Positive developments in South Korea's fight against COVID-19 may have eased its central bank's emergency response, but the virus will still make its mark on the economy.|
|S&P Global Ratings revised Australia's AAA credit rating outlook to negative in the wake of the economic impacts of COVID-19.|
|The economic impact of the COVID-19 pandemic is the biggest shock to the Australian economy since World War II, according to Roy Morgan.|
|Japan's credit rating will certainly take a hit but its increased fiscal measures could save the economy.|
|To paraphrase Philip Lowe, Australia may not be able to avoid a recession this time, but the coordinated monetary and fiscal response should keep it shallow.|
|Statistical evidence that the rate of deaths and infections from the coronavirus had been slowing have heartened equity market investors everywhere - from New York to Rio and ol' London town - underscored by the surge on Wall Street overnight.|
|The ECB fought the threat of contagion from Grexit and won. Eurozone member governments must band together to win against the coronavirus contagion if they are to preserve the unity of the single-currency grouping.|
|The US is facing a COVID-19 triggered recession that will be the worst on record, according to Bank of America economists.|
Early Release of Super payments surged around $7 billion in the first week of July, according to Treasury estimates, but this may not be a reason to panic.
Funds from IOOF, Vanguard and Fiducian figure among the top-five performers among wholesale funds, in the latest Rainmaker Information tables to May end.
Pengana Capital's national sales manager for private banking and wealth has left the firm after more than five years, setting his eyes on a new life in sunny Queensland.
In a new paper from Actuaries Institute, Anthony Asher argues financial advice can be made cheaper if the Australian Taxation Office (ATO) provides some of the data necessary for good advice.
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