GDP

We have not completely dodged a bullet, but we have avoided a rout. Dr Brendan Rynne on September quarter GDP figures

A positive sign is in compensation to employees – incomes are up, now nearly to 5 percent for the year.

comment comment
article

Australia’s GDP likely to drop by $10b following extended COVID-19 restrictions

Understanding the economic impact of the current restrictions is very difficult, and comparing to past lockdowns is useful, but only to a point.

comment comment
article

Dr Brendan Rynne, KPMG Chief Economist, comments on the March quarter GDP figures

The statistics show that, as hoped for by the Government, the drivers of the economic growth are shifting away from  COVID-19 related government support spending to additional expenditure by businesses and households.

comment comment
article

KPMG Chief Economist, Dr Brendan Rynne, comments on today’s ABS data on unemployment and population

Overall, we believe the unemployment rate will stay around its new level for the next few months as the economy consolidates and handles the transition out of high levels of government support to the business sector.

comment comment
article

Dr Brendan Rynne, KPMG Chief Economist, comments on the ABS June quarter national accounts

The latest GDP results shows the national economy screeched to halt in the June quarter of 2020, declining 7 percent from the previous quarter, to be down 0.2 percent year on year.

comment comment
article

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.

comment comment
article

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

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

Exports at an all-time high – but the skill of a tightrope walker needed to balance the economy

The September quarter 2016 GDP results confirmed what was expected, which is an economy that’s in reverse in real terms. Unfortunately, the key cause of this decline has been a…

comment comment
article