DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Marcel Thieliant"


6 mentions found


☆ Japan's economy could enter a recession in 2023, economist says
  + stars: | 2022-12-07 | by ( Jihye Lee | ) www.cnbc.com   time to read: +1 min
Japan's economy is set to enter into recession as export growth slows, according to Capital Economics. "We think the Japanese economy will enter a recession sometime next year," said Marcel Thieliant, senior Japan economist at Capital Economics, said CNBC's "Squawk Box Asia" Tuesday. Exports rose by 25.3%, slower than a year-on-year growth of 28.9% seen in September. Meanwhile, imports jumped 53.5% year-on-year in October, higher than a year-on-year growth of 45% the previous month. That would mean it's already headed for what is commonly categorized as a technical recession, defined as two consecutive quarters of negative growth.
☆ Australia's economy slows in Q3 as higher rates, prices sap spending power
  + stars: | 2022-12-07 | by ( Wayne Cole | ) www.reuters.com   time to read: +2 min
SYDNEY, Dec 7 (Reuters) - Australia's economy slowed a little in the September quarter as sky-high prices and rising interest rates sapped consumer spending power, a sign aggressive policy tightening is working to cool demand. Household consumption was again the engine of growth with a rise of 1.1% in the quarter, driven by spending on travel, eating out and new motor vehicles. "The decent rise in Q3 GDP probably marks the last hurrah for Australia's economy as tighter monetary policy and falling real incomes weigh on spending," said Marcel Thieliant, a senior economist at Capital Economics. The country is still wading in cash thanks to sky-high prices for many of its resource exports. That helped nominal GDP grow a blistering 13.1% in the year to September to reach a record A$2.38 trillion ($1.59 trillion), or A$91,847 for every Australian.
☆ Japan's economy will probably enter a recession in 2023, economist says
  + stars: | 2022-12-06 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJapan's economy will probably enter a recession in 2023, economist saysMarcel Thieliant of Capital Economics says the recession will be mostly driven by a drop in exports, and it would be "very brave" to tighten monetary policy under such conditions.
☆ Australia monthly inflation slows in October, hints at possible peak
  + stars: | 2022-11-30 | by ( Wayne Cole | ) www.reuters.com   time to read: +3 min
Data from the Australian Bureau of Statistics on Wednesday showed its monthly consumer price index (CPI) had risen 6.9% in the year to October, slowing from 7.3% in September. That was shock to analysts, who had looked for a rise to 7.4% or higher in October, and was a possible hint that inflation might be peaking. The RBA has expected consumer price inflation would peak at about 8% this quarter, but now that might be too pessimistic. We wouldn't read too much into the drop in the Monthly CPI Indicator in October because the figures don't cover the entire CPI basket," said Marcel Thieliant, a senior economist at Capital Economics. "Nonetheless, the figures do suggest that inflation is about to peak."
☆ Australia's jobs engine brakes in Sept, supports slower rate hikes
  + stars: | 2022-10-20 | by ( Wayne Cole | ) www.reuters.com   time to read: +3 min
SYDNEY, Oct 20 (Reuters) - Australian employment posted a disappointingly small rise in September in a hint that a very tight labour market might finally be loosening, lessening pressure for faster increases in interest rates. The miss on jobs supports the Reserve Bank of Australia's (RBA) decision this month to slow the pace of rate hikes to quarter-point moves, having already lifted rates by 250 basis points since May. The jobless rate held near 48-year lows at 3.5% in September, while the participation was just off record highs at 66.6%. This is a major reason why markets fully expect another rate rise of 25 basis points in November. The RBA has argued it can afford to go slower than the Fed since wages in Australia are growing at half the pace of those in the United States, even with a very tight labour market.
☆ Australia's house prices fall, interest rates soar but analysts say there's no crash yet
  + stars: | 2022-09-29 | by ( Su-Lin Tan | ) www.cnbc.com   time to read: +10 min
Mortgage rates have fallen to below 2% in recent years, but interest rates are rising rapidly in Australia. Home prices fallNational house prices have fallen for a fourth straight month as demand for homes start to slide due to higher costs of borrowing, according to Corelogic. In Sydney, Australia's biggest city, home prices have fallen over 7% since prices started unwinding at the start of the year, just before interest rates lifted. Since hitting peak prices earlier this year, house prices in Melbourne have fallen nearly 5%. Since hitting peak prices earlier this year, house prices in Melbourne have fallen nearly 5%.
<< prev 1 next >>
Total: 6