The Australian economic recovery remained strong in the March quarter with GDP up 1.8% – seven reasons for optimism | AMP Capital

The Australian economic recovery remained strong in the March quarter with GDP up 1.8% – seven reasons for optimism Key points With growth of 1.8% in the March quarter, Australian GDP is now back above its pre pandemic level. While uncertainties remain – including around the latest coronavirus outbreak in Victoria – there are seven reasons for optimism that the recovery will continue at a decent rate: vaccines; global growth is ramping up; consumer spending …

Five reasons why this downturn and subsequent recovery are different – and where are we in the Australian recovery now?

Five reasons why this downturn and subsequent recovery are different – and where are we in the Australian recovery now? Key points This economic downturn and recovery differs from those of the past in that: the downturn was driven by a government shutdown; fiscal and monetary support has been faster and bigger; forced asset sales have been headed off; it’s dependent on containing coronavirus; and it’s seeing more rapid structural change. As a result, we …

Five reasons why this downturn and subsequent recovery are different – and where are we in the Australian recovery now?

Five reasons why this downturn and subsequent recovery are different – and where are we in the Australian recovery now?   Key points This economic downturn and recovery differs from those of the past in that: the downturn was driven by a government shutdown; fiscal and monetary support has been faster and bigger; forced asset sales have been headed off; it’s dependent on containing coronavirus; and it’s seeing more rapid structural change. As a result, …

Econosights: The outlook for the global economy

Econosights: The outlook for the global economy   Key points Our forecasts anticipate a solid rebound in global GDP growth over 2H2020 across developed economies from re-openings after strict national lockdowns, better management of COVID-19 cases and continued policy support. A cyclical upswing is evident in US indicators of manufacturing, industrial production and housing. Vaccine developments provide upside and downside risks to our views. Our current growth forecasts assume that a vaccine is available by …

Seven reasons why the trend in shares will likely remain up, albeit with bumps along the way | AMP Capital

  Seven reasons why the trend in shares will likely remain up, albeit with bumps along the way   Key points Shares have had a strong run up from their March lows with US shares now at a record high. While shares are vulnerable through the seasonally weak months ahead in the run up to the US election, the positives – including good progress in developing vaccines, the downtrend in the US dollar, signs of …

Australian house prices starting to fall – collapse likely averted but expect more weakness ahead | AMP Capital

  Australian house prices starting to fall – collapse likely averted but expect more weakness ahead   Key points Australia capital city home prices fell -0.5% in May. Significant policy support & the earlier reopening of the economy have made our worst-case scenario for a 20% decline in average Australian house prices unlikely. However, our base case is for home prices to fall around 5-10%, as “true” unemployment will remain high, government support measures and …

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 …

COVID-19: Withdrawing super – what to consider | Money & Life

COVID-19: Withdrawing super – what to consider In March 2020, the federal government announced early access to super as one of their measures to support people experiencing financial hardship during the COVID-19 pandemic. Find out some things to consider when looking at this option to take the pressure off your finances at this challenging time. Throughout March 2020 the federal government has been releasing details of financial support available to Australians who have lost income …

Withdrawing super – what to consider | Money & Life

Withdrawing super – what to consider In March 2020, the federal government announced early access to super as one of their measures to support people experiencing financial hardship during the COVID-19 pandemic. Find out some things to consider when looking at this option to take the pressure off your finances at this challenging time. Throughout March 2020 the federal government has been releasing details of financial support available to Australians who have lost income due …

What could the COVID-19 economic stimulus package do for my finances? | Money & Life

What could the COVID-19 economic stimulus package do for my finances? 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 how you could benefit from the Federal Government’s economic stimulus package. The global and local impact of the COVID-19 pandemic has been like nothing we’ve experienced before. As a result, there are a …