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Economics

Chief economist update: The second wave

BENJAMIN ONG  |  FRIDAY, 12 JUN 2020
The big drop on Wall Street offers bullish investors who missed out on the last three month's rally a cheap entry. But it also confirms the bears' views that the worst is yet to come.

Government urged to extend stimulus

ELIZA BAVIN  |  THURSDAY, 11 JUN 2020
The OECD has urged the Australian government to extend stimulus measures and warned that a second wave of infections could derail our economy.

US GDP to contract 6.5%: Fed

ELIZA BAVIN  |  THURSDAY, 11 JUN 2020
The US Federal Reserve has projected rates will remain near zero through 2022 and GDP will contract 6.5% as a result of COVID-19.

Chief economist update: Don't fight the Fed

BENJAMIN ONG  |  THURSDAY, 11 JUN 2020
As expected, the US Federal Reserve has made clear that it does not expect confidence to return for some time to come, leaving its funds rate target as is.

Chief economist update: Equity market disconnect

BENJAMIN ONG  |  WEDNESDAY, 10 JUN 2020
Equity markets are going on a tear. After losing nearly a third of their value this year to March 23, the MSCI equity index and the MSCI emerging equity market index have nearly recouped their losses.

Chief economist update: US labour market turns V-shaped

BENJAMIN ONG  |  TUESDAY, 9 JUN 2020
The much better than expected US non-farm payrolls report sent Wall Street on the up and up, and the rally is brought to you by the letter V.

Chief economist update: The ECB's PEPP economy

BENJAMIN ONG  |  FRIDAY, 5 JUN 2020
The ECB has significantly increased the size of its COVID-19 response program as its macroeconomic outlook turns gloomier than ever.

Chief economist update: Australian recession - the next generation

BENJAMIN ONG  |  THURSDAY, 4 JUN 2020
The gradual relaxation of restrictions around the world should help underpin a shallower contraction/growth rebound in the domestic economy starting in the September quarter.

GDP figures reveal start of COVID-19 impact

ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
The Australian Gross Domestic Product fell 0.3%, seasonally adjusted, in the March quarter and growth slowed to 1.4% through the year, according to figures released by the Australian Bureau of Statistics.

Economic outlook not as bad as predicted: RBA

ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
The Reserve Bank of Australia governor Phillip Lowe said the extent of the economic downturn, as a result of the impacts of COVID-19, is not as dire as expected.