Economics

Sport’s back! Now it’s time to consolidate and grow

Phew! After over 10 weeks of twiddling our thumbs and watching classic matches from the 90s to quench our thirst for sport, finally our favourite codes are starting to reappear from the shadows.

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Australia’s COVID-19 performance: Good luck, good management or a combination of both?

One reason for Australia’s effective performance can be traced to our health system capability and preparedness, where we rank in the top 10 percent of all countries.

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Dr Brendan Rynne, KPMG Chief Economist, responds to today’s GDP figures for Q4, 2019

As widely anticipated the GDP growth figure release today was 0.5 percent – it is modest but will begin to look impressive by the time we see the Q1 2020 figures.

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A quirk in the Gregorian calendar: a boon for the Australian economy

2020 is a Leap Year and the extra day’s GDP will add around $5.2 billion to the economy for this year’s national accounts.

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Dr Brendan Rynne, KPMG Chief Economist, responds to today’s RBA rate decision

I believe the RBA was, on balance, correct to hold rates today – but it must have been a tough call.

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Dr Brendan Rynne, KPMG Chief Economist responds to MYEFO statement

We believe the real question marks surrounding MYEFO relate to the expenditure side of the government accounts.

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Unleashing our potential: the case for further investment in the child care subsidy

Enduring norms regarding gender and work have proven harmful to the economic welfare of women, and our society as a whole. These norms limit our economic potential and compromise our sense of fairness .

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ACT tops nation’s rankings for economic and social resilience

Major drought conditions afflicting most parts of Eastern Australia and flooding in Queensland; and the substantial closure of the car manufacturing industry in South Australia and Victoria. How resilient are our states in facing up to such events?

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Economic prospects brighten, while world interest rates tumble

We forecast domestic annual GDP growth will rise to 1.9 percent in the second half of 2019 after bottoming out at 1.4 percent growth for the year ended 30 June 201

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Brendan Rynne, KPMG Chief Economist, comments on latest RBA rate cut.

By cutting rates, the RBA is sending a signal to the market, to politicians and to the community at large, that the Australian economy is not firing on all cylinders

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RBA holds interest rates and its in our best interest

So, the Reserve Bank of Australia resisted growing calls to cut interest rates yesterday. They were right to do so.

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Latest Trump tariff announcement turns trade war scenarios into worrying reality

Yesterday saw the long-awaited announcement by the US government of a Ce further $200bn of tariffs on imported goods from China. This instantly quadrupled the amount of tariffs previously implemented.  

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Put simply, there are no winners in trade wars

Last Friday, Australian time, the US placed another US$16bn worth of tariffs on imported goods from China. The real possibility of tariffs on a further US$200bn of Chinese imported goods into the US remains a far more significant risk to global economic conditions.

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