Market Economics Managing Director and keynote Speaker Stephen Koukoulas spoke with Bloomberg Markets Asia regarding the RBA and the inflation surge. As a keynote speaker and panellist Stephen is often asked to discuss the economy with diverse audiences due to his ability to turn complex economic analysis into terms mere mortals can understand.
The September labour force data show the impact of the recession on jobs, hours worked and unemployment. It is bad news. Depressing in many ways to realise that there are 937,400 Australians unemployed, a further 1,538,800 underemployed and that since the onset of Covid-19, the workforce participation rate has dropped by 1.3 percentage points as people have given up looking for work.
Economist Stephen Koukoulas says “there is no confidence at all” in any projections about the unemployment rate amid the coronavirus pandemic.
Australian economist Stephen Koukoulas says the Reserve Bank of Australia’s emergency cash rate cut would help businesses and homeowners already “well off economically in this crisis”.
Central banks and governments around the world are scrambling to keep economies afloat as the coronavirus contagion sweeps across the globe. In Australia the RBA is poised to announce its next move on Thursday. Economist Stephen Koukoulas speaks to ABC News.
On a bad day for the markets and the economy, fund manager Roger Montgomery and independent economist Stephen Koukoulas speak to The Business, ABC News
