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, …

Many Aussies in the dark about retirement

Many Aussies in the dark about retirement Whether retirement is a long way into the distance, or just peeking over the horizon, recent research1 shows half of us aren’t sure we’ll have enough money to retire when we want, or even how much money we’ll actually need. There’s always been a lot of unknowns when it comes to retirement but throw a global pandemic into the mix, and we’re feeling more uncertainty than ever before. Things …

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 …

What do July’s strong building approval numbers say about Australia’s growth prospects? | AMP Capital

What do July’s strong building approval numbers say about Australia’s growth prospects? Building approvals in Australia surged by 12% in July, up 6.3% compared to a year ago. This was a much stronger result than consensus expectations of a fall in the order of 2%, and follows a run of better than anticipated numbers since April’s low point. As an important leading indicator of national construction activity, and with implications for the lending sector as …

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 …

Why financial wellbeing is a pillar of good health | Money & Life

Why financial wellbeing is a pillar of good health Much like exercise and eating well, your financial wellbeing is key to living a happy and healthy life. So what is financial wellbeing and how can you improve yours? Financial wellbeing is often overlooked as one of the pillars of good health, but it’s every bit as important as your physical, mental and emotional health. Poor financial health has been linked to a range of nasty side effects …

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 …

Managing your financial health during the COVID-19 pandemic | Money & Life

Managing your financial health during the COVID-19 pandemic With so much uncertainty about, good financial planning is more important than ever. A quick financial health-check can help you weather the pandemic and reach your financial goals. The COVID-19 pandemic has certainly disrupted our daily lives, forcing us to close entire industries and change our behaviour overnight. With the lockdown directly affecting jobs and the economy, many people’s thoughts quickly turned to their finances. Corey Wastle …

How fit are your finances? | Money & Life

    How fit are your finances? Wearable technology can monitor our heart rate and tell us how much sleep we’ve had, but what about our financial wellbeing? If you could benefit from a Fitbit for your finances, read on. Just like your physical health, the more you can monitor what’s happening with your finances, the easier it will be to improve your financial fitness. We all know that financial stress can have a negative …