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NAB chief economist Alan Oster said the recession risk was “concentrated in mid-to-late 2023”. Halma Plc Ord 10P is listed on the London Stock Exchange, trading with ticker code HLMA. “We’re expecting a slowdown because the Fed will take monetary policy into restrictive territory,” he said, but added CBA also expected the US Fed would be cutting rates again by the end of 2023. Halma is one of just 200 UK-quoted stocks with a market capitalisation of more than £1 billion.In fact, the stock is currently valued at £7,384m. “It’s not negative growth for the year, but there may be two quarters of negative growth,” Mr Halmarick said. With areas of the economy continuing to come under pressure, stock market investors have been laser-focused on the share prices of some of the UK’s biggest companies - including Halma (LON:HLMA). “US consumers look to be in very good shape suggesting the downturn in consumption will only be moderate.”ĬBA downgraded its forecast for US GDP growth to 1.3 per cent in 2022 and just 0.4 per cent in 2023. “It’s more than likely to meet the technical definition of a recession, but that’s not the same as a collapse in the economy,” said CBA chief economist Stephen Halmarick, who just returned from a US visit. Market closed Prices as at close on 17 June 2022 Turn off streaming prices. Implications from a US recession locally would depend on the depth of the downturn, and while a “technical recession” – two consecutive quarters of gross domestic product shrinking – was on the cards, it was not expected to be economy wrecking, the economists said. Halma plc (HLMA) Sell: 1,910.00p Buy: 1,911.00p 22.00p (1.17) FTSE 100: 0.41. “I am confident that the economy will continue to grow, which means we won’t be in that circumstance,” he said.ĬBA chief economist Stephen Halmarick.
The US slump would harass the local economy on several fronts, including the possibility it could drag global growth lower and hit commodity prices, but Mr Albanese rejected a similar outcome here. Prime Minister Anthony Albanese said he was confident Australia would dodge an economic downturn as big four bank chief economists tipped the United States would likely fall into a recession in the next 18 months.