Economy

KPMG responds to government’s wage subsidy package

To me, really big measures are needed and this JobKeeper policy meets that need.

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Dr Brendan Rynne, KPMG Chief Economist, responds to second Federal Government stimulus package

The government’s main focus at the moment appears to be to strengthen the safety net designed to help individuals and families impacted by COVID-1.

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RBA at the monetary policy crossroads

The RBA will and should cut rates to 0.25 percent.

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Coronavirus: Stimulus package to arrest recession fears

KPMG modelling in a report published today estimates Australian GDP would be at least 0.9 percent lower in 2020 because of the COVID-19 pandemic.

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KPMG Chief Economist Brendan Rynne responds to government economic stimulus package

Experience has taught us that fiscal stimulus measures need to be targeted, timely and temporary, and these form three of the Federal Government’s seven principles.

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The Real Challenges of 2020

Australia’s good fortune is substantial: we have had nearly three decades of uninterrupted economic growth, and our major cities are some of the most liveable in the world.

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Dr Brendan Rynne, KPMG Chief Economist, responds to the March 2020 rate decision

Last month it was a 50-50 call on whether the RBA would reduce the cash rate. This month it was a lot clearer – rates were rightly cut by 0.25 percent today and there will probably be another 0.25 percent cut next month.  

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Dr Brendan Rynne, KPMG Chief Economist, responds to the 3rd quarter GDP figures

The latest GDP results reaffirm the economy is stuck in slow mode, with both consumption and investment activity treading water

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Dr Brendan Rynne, KPMG Chief Economist, comments on today’s RBA meeting

I would suggest that the most prudent action from tomorrow’s Board meeting is for the RBA is to keep rates on hold.

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Chief Economist Brendan Rynne’s quarterly economic update

Geopolitical risks are increasingly impacting the outlook of the global economy.

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Dr Brendan Rynne, KPMG Chief Economist, comments on RBA decision

While the decision to cut the cash rate by 25bp to 0.75 percent was priced into the market as a near certainty, the factors influencing the outcome were certainly not straightforward. 

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Dr Brendan Rynne, KPMG Chief Economist, comments on RBA decision and other economic data

The RBA was right to keep rates on hold at 1 percent today and leave any further cuts till later in the year.

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Raising Newstart – an economic and social winner

The key here is that Newstart recipients are amongst the poorest people in society – so they spend, rather than save, almost all they receive, putting money back into the economy.

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