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Economics

Chief economist update: Japan on the mend but BOJ, Abe not taking any chances

BENJAMIN ONG  |  WEDNESDAY, 24 JUN 2020
Japanese Prime Minister Shinzo Abe's lifting of the state of emergency in the country on May 25 has been rewarded with encouraging indications of recovery in the economy.

Chief economist update: Victoria's Cinderella moment

BENJAMIN ONG  |  MONDAY, 22 JUN 2020
Victoria was ready to relax COVID-19 restrictions, but those plans have now been thwarted. But which should come first: health or wealth?

Unemployment hits 21-year high

ELIZA BAVIN  |  FRIDAY, 19 JUN 2020
Figures released by the Australian Bureau of Statistics (ABS) show unemployment has risen to its highest in 21 years due to the effects of the COVID-19 lockdown measures.

Chief economist update: Honey, COVID-19 got me sacked

BENJAMIN ONG  |  FRIDAY, 19 JUN 2020
With Australia only just emerging from isolation and many businesses still locked down or operating with limitations, the rising rate of unemployment to 7.1% doesn't surprise. But it could have been much worse.

Profound uncertainty remains: IMF

ELIZA BAVIN  |  THURSDAY, 18 JUN 2020
The International Monetary Fund (IMF) said in surveying the economic landscape, the sheer scale and severity of the global lockdown has been striking.

Chief economist update: COVID-19 nightmare makes Brexit a dream

BENJAMIN ONG  |  THURSDAY, 18 JUN 2020
Latest data show that the UK economy is heading for an even deeper dive.

Chief economist update: The power of money (and a cure)

BENJAMIN ONG  |  WEDNESDAY, 17 JUN 2020
Sure, the Fed has painted a dark picture of the US economy in 2020 - predicting GDP growth to contract by 6.5% this year - but which world government and central bank hasn't?

We cannot prevent the blow: PM

ELIZA BAVIN  |  TUESDAY, 16 JUN 2020
Prime Minister Scott Morrison said the government will not extend stimulus packages, saying they would dull the dynamism of the economy.

Chief economist update: COVID-19 takes second crack at China

BENJAMIN ONG  |  TUESDAY, 16 JUN 2020
Just when we thought that life was slowly returning to normal, reports out of Beijing have turned into reality what many feared - a second wave.

Chief economist update: Australian Renaissance

BENJAMIN ONG  |  MONDAY, 15 JUN 2020
The gradual easing of restrictions on social interaction as well as lockdown controls on business operations has played a great role in reviving business and consumer sentiment.