Australia’s “eye popping” budget deficit and public debt blow out – can it be paid off? Does it matter? | AMP Capital

Australia’s “eye popping” budget deficit and public debt blow out – can it be paid off? Does it matter?   Key points The Australian Federal budget next month will likely see a further blow out in the budget deficit due to the ongoing hit to tax revenue & more stimulus. We expect an “eye popping” 2020-21 deficit of around $230bn. Stepped up economic reforms will help grow the economy but are unlikely to drive a …

Econosights: The outlook for consumers | AMP Capital

Econosights: The outlook for consumers Key points Despite the fall in Australian employment since March, total household incomes have risen from government payments and other measures including the mortgage deferral scheme and early access to superannuation. Consumer savings will lift in the short-term from the temporary boost to income and lower consumer spending. Higher household savings will help to smooth consumption over the next year as household income growth remains low into 2021 as the …

Four reasons why share markets can continue to hold up as COVID-19 deepens | AMP Capital

  Four reasons why share markets can continue to hold up as COVID-19 deepens The news around the pandemic in past weeks has not been promising. New COVID-19 cases have shown early signs of stabilising over recent days, but it’s too soon to call a downtrend in new cases. The world’s largest economy remains under siege from COVID-19 as the virus begins to take hold in the Midwest and the Great Plains of the US. …

Econosights: Inflation in the COVID-19 world | AMP Capital

Econosights: Inflation in the COVID-19 world Key points The money supply across major economies has skyrocketed from central bank asset purchases (or quantitative easing), government stimulus payments and wages building up in bank deposits. There is some concern that the boom in money supply growth could lead to an inflation breakout. However, prior surges in the money supply have not always led to higher inflation. Central bank quantitative easing programs are a big driver of …

After the Bell: daily market update, July 15 | AMP Capital

ECONOMICS & MARKETS After the Bell: daily market update, July 15 15 Jul, 2020 Big day on the ASX today and new consumer confidence data has also been released. Still not much good news on the COVID-19 front in Victoria and NSW though. Our senior economist, Diana Mousina, talks through the day that was. Important information While every care has been taken in the preparation of this video, AMP Capital Investors Limited (ABN 59 001 …

Australian dollar rallies but Coronavirus and economy will dictate its direction | AMP Capital

Australian dollar rallies but Coronavirus and economy will dictate its direction The rise of the Australian dollar has been a notable feature of fast-changing markets over the past few months. Since the currency hit a low of US55 cents in March, the peak of the coronavirus crisis, it has rallied more than 20 per cent. It is no coincidence the Aussie dollar’s low in March correlated with the weakest point for share markets and its …

7 ways to get your money working harder during COVID-19

7 ways to get your money working harder during COVID-19 If you’re fortunate enough not to have been affected financially by coronavirus, you might find you’re spending less and saving more The COVID-19 (coronavirus) outbreak has seen Australians rise to the challenge of a new way of life involving a lot less time spent outdoors and a lot more time spent at home. We’ve seen new concepts added to our daily vocabulary like social distancing, …

10 medium to longer-term implications from the coronavirus shock | AMP Capital

10 medium to longer-term implications from the coronavirus shock Key points Key medium to longer-term implications flowing from the coronavirus shock are: lower for longer interest rates; a further blow to globalisation; another leg up in the US/China cold war; bigger government and public debt; a long-term risk of higher inflation; consumer & investor caution; faster embrace of technology; bad for airlines; another test for the Eurozone; and lower immigration. Some of these will constrain …

Making sense of the Economic Stimulus Package | Money & Life

Making sense of the Economic Stimulus Package In March and April 2020, a whole range of payments have been announced for Australians looking for financial relief as a result of the COVID-19 pandemic and economic crisis. Find out more about these measures and how your clients could benefit from the Federal Government’s economic stimulus package. The global and local impact of the COVID-19 pandemic has introduced many new questions in conversations between financial planners and …

Experts’ Choice Fund Range Update Webinar | AMP Capital

WEBINARS Webinar: Experts’ Choice Fund Range Update 22 Apr, 2020 Scott McElory, Economic Analyst AMP Capital provides a Macro Market overview followed by Stephen Flegg, Portfolio Manager, who gives an update on the Experts’ Choice Fund Range.   Important information While every care has been taken in the preparation of this video, AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232497) and AMP Capital Funds Management Limited (ABN 15 159 557 721, AFSL …