The Business Times
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Richard Yetsenga

CHIEF ECONOMIST, ANZ

When the Federal Reserve eases, bank lending standards are typically tightening and unemployment rising sharply. But so far unemployment has only risen a very modest three-quarters of a percentage point.

Over-estimating easing

Substantial rate cuts in most economies are to be expected but what’s up for debate is the speed at which markets are currently pricing further cuts

The pandemic is likely to spark the next stage of China’s regression towards mean global growth rates of 2 to 3 per cent.
THE BROAD VIEW

China: Gradually, now suddenly

MUCH of the current China focus is on the economic challenges brought by the pandemic. We expect China to record growth near 5 per cent this year as restrictions ease and stimulus gains traction. But ...

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