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Economics

Chief economist update: Australia needs China more than it needs us

BENJAMIN ONG  |  FRIDAY, 22 MAY 2020
Australian exports account for around 20% of the country's GDP. If my maths serves me right, exports to China is worth around 1.4% of Australian GDP.

Industry flocks to JobKeeper handouts

KANIKA SOOD  |  THURSDAY, 21 MAY 2020
Nearly 13,500 businesses in financial services and insurance enrolled for JobKeeper payments, according to an industry-level breakdown from the Australian Taxation Office.

Financial stress increases despite relaxed conditions

HARRISON WORLEY  |  THURSDAY, 21 MAY 2020
Australians are more financially stressed than they were before the Prime Minister announced plans to restart the nation's economy, according to latest research.

Chief economist update: Border brawl

BENJAMIN ONG  |  THURSDAY, 21 MAY 2020
We've got simmering political and trade tensions with China to worry about but, before we do, we'd best deal with the rising tensions at home.

Australia approaches fiscal cliff: UBS

ALLY SELBY  |  WEDNESDAY, 20 MAY 2020
Government stimulus packages and lender deferrals may have softened the economic blow of the COVID-19 pandemic but with end dates in sight, UBS has warned of an impending fiscal cliff.

Chief economist update: Easing restrictions narrow oil demand-supply equation

BENJAMIN ONG  |  MONDAY, 18 MAY 2020
Easing containment restrictions in an increasing number of countries has improved the outlook for crude oil.

Chief economist update: Pay cut or pay not?

BENJAMIN ONG  |  FRIDAY, 15 MAY 2020
The ABS reporting that unemployment sits at 6.2% was surely a relief to many, but the numbers don't reflect those that have received no income from an employer in the last four weeks. If it did, we'd be at 11.7%.

Road to recovery

ELIZA BAVIN  |  THURSDAY, 14 MAY 2020
While it is clear it will take some time for the world to return to what it once was, the focus is now on recovery and what the post-pandemic world will look like.

Chief economist update: Powell blamed for fall on Wall Street

BENJAMIN ONG  |  THURSDAY, 14 MAY 2020
From where I sit, this kind of volatility is just the new normal for markets, but everyone is blaming the latest fall on Wall St on Fed chair Jerome Powell.

Australia facing largest ever GDP fall

ELIZA BAVIN  |  WEDNESDAY, 13 MAY 2020
Treasurer Josh Frydenberg outlined a bleak future for the Australian economy in a speech to parliament, forecasting GDP to fall over 10% in the June quarter.