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CBA: Australian economy plunging into "deep contraction"


MacroBusiness
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CBA’s chief economist, Gareth Aird, with the note:
Overview
For most of H1 21 Australia looked on track to live up to its namesake as “the lucky county”. Economic outcomes were strong, COVID-19 was by and large not circulating in the community and the vaccine rollout was moving forward, albeit slowly. We appeared very much on course to end the year with an unemployment rate of ~4.5% and the vast majority of the adult population vaccinated. Australian exceptionalism would once again shine and the world would look upon us with envious eyes and wonder how exactly we pulled it off. ....

New South Wales , Stephen Wu , Gareth Aird , Greater Sydney , South Australiaachievethe , Cover April , August Board , புதியது தெற்கு வேல்ஸ் , ஸ்டீபன் வு , கரேத் ஐர்ட் , அதிகமானது சிட்னி , ஓவர் ஏப்ரல் , ஆகஸ்ட் பலகை ,

CBA: 1.4% GDP hit from Sydney's lockdown


MacroBusiness
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By Gareth Aird, head of Australian economics at CBA
Key Points
The lockdown of Greater Sydney has significantly increased the level of uncertainty over economic outcomes in the near term.
There will be a negative hit to GDP and employment over Q3 21 because of the lockdown, but income for impacted workers and businesses will remain supported through the entirety of the lockdown due to payments from the Commonwealth and NSW Governments.
Support payments and industry assistance will keep the economic furniture intact so that when restrictions are eased economic activity should rebound swiftly, as has previously been the case. ....

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Заступник голови НБУ: Орієнтуємося на повне припинення надання довгострокового рефінансування та відмову від процентного свопу

Заступник голови НБУ: Орієнтуємося на повне припинення надання довгострокового рефінансування та відмову від процентного свопу
interfax.com.ua - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from interfax.com.ua Daily Mail and Mail on Sunday newspapers.

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Заместитель главы НБУ: Ориентируемся на полное прекращение предоставления долгосрочного рефинансирования и отказ от процентного свопа

Заместитель главы НБУ: Ориентируемся на полное прекращение предоставления долгосрочного рефинансирования и отказ от процентного свопа
interfax.com.ua - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from interfax.com.ua Daily Mail and Mail on Sunday newspapers.

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