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Economics

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.

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.