Topic: Economics

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Property market pressures

Property markets have been the centre of attention this week. Mostly this was due to developments around troubled Chinese property developer Evergrande. We (again) spend some time discussing this in t...

Delta distorts another labour result; OECD policy advice

This week’s big data release was the August labour force report, where lockdowns continued to distort some of the headline data.  This produced the disconcerting combination of another fall...

Delta dampens global growth

The RBA believes that Delta will ‘delay but not derail’ the recovery. The latest data though shows that the strain is taking its toll on the global economy. Plus, poor results on the jobs front, thoug...

Second quarter GDP shows pre-Delta economy in decent shape

The main focus this week was the June quarter GDP result. There had been some speculation that the data might deliver a surprise quarterly decline which – given that a Delta- and lockdown-driven cont...

Damaged by Delta

The impact of the resurgent coronavirus Delta variant threatens to take the gloss off the global economic outlook, writes AICD chief economist Mark Thirlwell MAICD.

Private sector activity contracts for a second month

The Flash Composite Purchasing Managers Index (PMI) for Australia fell deeper into negative territory in August, hitting a 15-month low and signalling a second month of falling activity as lockdowns a...

Unemployment falls even as lockdowns bite

The July labour force report saw the unemployment rate tumble to 4.6 per cent, its lowest rate since 2008, defying consensus forecasts of a lockdown-driven increase in joblessness. The median forecas...

Consumer and business confidence drops

A light week on the Australian data front showed the Delta variant and state lockdowns again weighing on households and businesses. The monthly Westpac-Melbourne Institute Index of Consumer Sentiment...

RBA cuts Dec 21 GDP to 4 per cent

The Reserve Bank of Australia has trimmed its forecast for GDP growth this year to 4 per cent from 4.75 per cent in the August Statement on Monetary Policy released today. The revised forecast follow...

Crystal ball

Smaller, older and poorer? Projecting the pandemic's long-term economic impact is not an exact science, writes AICD chief economist Mark Thirlwell MAICD.
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