Economy

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.

comment comment
article

Chief Economist Brendan Rynne’s quarterly economic update

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

comment comment
article

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. 

comment comment 3
article

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.

comment comment
article

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.

comment comment
article

KPMG responds to tax cuts

The immediate tax relief of stage one will put money in the hands of those who will spend.

comment comment
article

KPMG responds to GDP figures. Rate cuts could have been more aggressive

The sluggish GDP figures, particularly the weakness in household consumption, shows the RBA would have been justified in cutting cash rates faster.

comment comment
article

Does it really matter if the RBA cuts rates tomorrow or not?

It seems inevitable the Reserve Bank of Australia will drop the cash rate in its meeting next week, and possibly again later in the year.

comment comment
article

KPMG Chief Economist Brendan Rynne comments on latest GDP figures

The Australian economy has slowed dramatically during the final quarter of 2018, with GDP growth of only 0.2 percent q/q, and 2.3 percent y/y

comment comment
article

Quarterly Economic Outlook: Australian economy records strong growth despite global uncertainty

Growth expectations for Australia in FY19 and FY20 remain positive, albeit softer than last year.

comment comment
article

Our Brexit economic forecast: Moderate, occasionally rough. Visibility poor.

There are just under 200 days to go until we leave the EU and many are looking at the sky and seeing that the Brexit storm clouds look dark and angry. 

comment comment
article

Latest fall in Capex more nuanced than the headline figures suggest

Last week’s ABS data showing falling private sector capital expenditure (capex) got a lot of headlines about ‘darkening outlook for the economy’. Was the gloom justified?

comment comment
article

Global growth shines through the trade war clouds

The threat of a trade war is still very real. But life goes on, and the global economy is still pushing ahead.

comment comment
article