Economy

COVID-19: The global economic outlook: uncertainty doesn’t have to mean paralysis

The only thing certain about the current global economic outlook is that it is uncertain.

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Dr Brendan Rynne, KPMG Chief Economist, responds to March quarter accounts

The March figures are better than we had expected, and although for the June quarter we expect an 8 percent fall in GDP – given the wholesale shutdown in the economy – we are more optimistic than some for the overall 2020 forecast.

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Productivity key to repaying the COVID-19 debt

In Australia’s economic system productivity occurs fundamentally as a consequence of businesses seeking a competitive advantage.

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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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