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CoreLogic: Risky mortgage lending on the rise

CoreLogic: Risky mortgage lending on the rise
macrobusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macrobusiness.com.au Daily Mail and Mail on Sunday newspapers.

UAE Central Bank projects real GDP to contract by 6% in 2020

Dubai: Economic activity in the UAE recovered partially in the third quarter, but the bounce back remained fragile, according to Central Bank of UAE (CBUAE). In its ‘Quarterly Economic Review, Third Quarter 2020’, the CBUAE has projected real total GDP growth for the year 2020 to contract by 6 per cent, higher than the earlier forecast of a 5.2 per cent contraction for the year. The the real non-hydrocarbon GDP projected to decline by around 5 per cent while the hydrocarbon GDP is also projected to shrink. The UAE’s oil production fell by 4.1 per cent year on year in the second quarter and by 17.7 per cent in the third quarter, in line with the agreement by OPEC+.

Property markets and COVID: How the states are faring on their recovery journey

Property markets and COVID: How the states are faring on their recovery journey By Bianca Dabu 15 December 2020 | 1 minute read SHARE The states and territories are on different paths when it comes to their COVID recovery, but what rings true across the country is the sheer resilience the property market has demonstrated in truly unprecedented times. CoreLogic’s latest Quarterly Economic Review delves into the individual journeys of the Aussie states and territories, revealing how they’re recovering from the impacts of the once-in-a-century pandemic on their property markets. Let’s take a closer look. NSW Both Sydney and regional NSW were back into the upswing phase of the property cycle in the three months to November.

Central Bank of The Bahamas (via Public) / Quarterly Economic Review September 2020

Published: Monday December 14th, 2020 The Central Bank of The Bahamas is pleased to announce the release of its Quarterly Economic Review for the third quarter of 2020. The Review provides an examination of the performance of the domestic economy, as well as sectoral developments, principally during the period July to September. Domestic economic developments continued to be driven by the Novel Coronavirus (COVID-19) pandemic, which negatively impacted economic activity during the third quarter of 2020. In particular, the global lockdown impeded tourism sector output, with both the high value-added air segment and dominant sea traffic remaining largely offline over the review quarter. Nevertheless, the restart of foreign investment projects, and to a lesser extent continued post-hurricane rebuilding works, provided some stimulus to the construction sector. In price developments, domestic inflationary pressures remained contained over the review period, underpinned by the reduction

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