Ahead of the announcement, analysts from the Westpac Banking Corporations noted: “We have upgraded our forecast of economic growth following the latest batch of partial activity indicators in the run-up to Q4 GDP, due tomorrow. We now expect the economy grew by 0.7% in Q4, up from our ...
Recession fears in the US persisted through 2022 and into 2023 as inflation soared, but petered out in 2024 as US economic growth surprised to the upside. From that trough the banks rallied from a low base, and since October 2023 the sector has been a strong outperformer, up over 30%, ...
ECONOMIC forecastingPRICE inflationCOST of livingENERGY industriesMONETARY policyFOOD pricesThe economy grew at a moderate pace in 2022–23 as Australians adjusted to rising costs of living. The aggressive tightening of monetary policy has eased inflationary pressure, but inflation remains high. Strong ...
The 2021-22 financial year has been a turbulent period both globally and for Australia. The Delta strain of COVID-19 sent the country’s two largest cities into prolonged city-wide lockdowns, the vaccine rolled out, and lockdowns and border closures came to an end. Just as economic activ...
1, 2022. Australia’s central bank boosted its benchmark interest rate for a seventh consecutive month to a nine-year high of 2.85 percent. (AP Photo/Rick Rycroft) By ROD McGUIRK, Associated Press CANBERRA, Australia (AP) — Australia’s central bank boosted its benchmark interest...
Australian Economic PapersSSCIPubMedAJJCR:Q3中科院4区 发文量2,732 被引量6,456 影响因子(2023)1.902 主办单位:WILEY 出版周期:季刊 别名:澳大利亚经济论文 国际标准连续出版物号:ISSN0004-900X 创刊时间:1965年 热门主题: AustralianModelDemandPolicyEffectsEconomicsAnalysisTheoryInformationPRICESImplicationsIncomeProduc...
Australian GDP rose 0.2 per cent in the December quarter and by 1.5 per cent since December 2022, in line with expectations. From the Chief Economist The weak 0.2 per cent GDP growth rate recorded in the Australian economy in the December quarter was no surprise. ...
FILE - Myanmar's leader Aung San Suu Kyi waits to address judges of the International Court of Justice in The Hague, Netherlands, Dec. 11, 2019. A court in military-ruled Myanmar convicted former leader Aung San Suu Kyi in another criminal case Thursday, Sept. 29, 2022, and sentenced...
In contrast, the firm said Australian asset valuations had become stretched by weak economic growth and a prolonged period of high interest rates. "In Australia, one thing that we're looking at is that the local market has probably stretched valuations and there's proba...
Australian Retailers Association (ARA) CEO Paul Zahra flagged the increase as a sign of "robust performance" despite ongoing disruptions. "Retailers have navigated the worst of the pandemic, however, we've now entered a period of global economic uncertainty, which has strained global energy supplies...