The Economic Impacts of COVID-19 on Australia and China
From ANZ Economists Hosted by AustCham Finance, Legal & Tax Committee
The Economic Impacts of COVID-19 on Australia and ChinaFrom ANZ Economists Hosted by AustCham Finance, Legal & Tax Committee
The COVID-19 outbreak continues to take a significant toll on the economy. Restrictions on individuals’ mobility plus shortages of necessities have delayed the resumption of normal economic activity in China. However, with the new virus cases falling, the tough health measures seem to pay off.
While the economy in China is gradually recovering, the cascading economic impact of the outbreak is becoming more apparent worldwide, including Australia, where there are early indicators of a significant hit to GDP growth in Q1 from lower tourist arrivals. The broadening impact of the virus is now raising the question about whether Australia is heading for its first recession in nearly three decades.
Join ANZ economists – Hong Kong based Raymond Yeung, Chief Economist for Greater China and Sydney based Felicity Emmett, Senior Economist will share with you how they think the economic outlook in China and Australia is likely to shape over through 2020 as the coronavirus situation impacts businesses and the economy.
The discussion will be followed by a Q&A.
Webinar instructions will be emailed to registered attendees one day prior to the event.
Finacne, Legal & Tax Committee Sponsor:
Wed, March 25, 2020
01:00 PM - 02:00 PM
Chief Economist, Great China | ANZ
Raymond leads an award-winning China research team based in Hong Kong and Shanghai. KangaNews recognised the team as the #1 Asian Research Pool in 2018 and 2017, and Asiamoney awarded them #2 Best Team for Asian Macroeconomic Research in 2016.
He has garnered a strong following for his intellectual offering to ANZ’s institutional and investor clients. In addition, he is regularly invited to share his insights with the Chinese government, financial regulators, international conferences as well as the media such as Bloomberg/CNBC/CBN(第一财经).
Raymond is known for making successful out-of-consensus calls. He had accurately timed the policy shift of the People’s Bank of China several times by analysing the components of money supply. Since 2016, he has stressed the role of producer price inflation in predicting China’s growth momentum. Separately, he flagged a potential activation of HKMA bill issuance just several days prior to the authority’s action.
Raymond has covered China more than 20 years and established an extensive network in the region. Prior to joining ANZ in 2010, Raymond was Deputy Head of Economic Research and Consulting at Swiss Re Asia. He earned a PhD in economics at Queen’s University, Canada; holds Financial Risk Manager (FRM) certification; and is a Steering Group Member of China Chief Economist Forum.
Senior Economist | ANZ
Felicity is Senior Economist in the Australian Economics team at ANZ. She is responsible for analysis and forecasting of key Australian macroeconomic indicators, as well as thematic research on the Australian economy. She also provides specialist analysis on topical issues, including the policy outlook. Felicity publishes regular and ad-hoc reports and presents to internal and external, domestic and international clients. She also provides regular media commentary on key local economic issues.
Felicity has more than twenty years’ experience as an economist in financial markets. Prior to joining ANZ, Felicity worked as a Senior Economist for the Royal Bank of Scotland, a Senior Economist at ABN AMRO Australia, and as an Economist for BZW Australia.
Gavan Ord/ Moderator
Manager-Business and Investment Policy | CPA Australia
Mr Gavan Ord is the Manager of Business and Investment Policy, and Policy Lead for Asia for CPA Australia. Within CPA Australia, Gavan has responsibility for the development of policy, research and advocacy on issues related to business and the economy, including small to medium sized enterprises, taxation and regulation in Australia and Asia.