The Australian economy is likely to avoid a recession despite the world economy being in “a dangerous place right now”, Treasurer Jim Chalmers said on Tuesday, ahead of the government’s first budget ...

Worrying times for Australia’s economy as newly-released figures show a record fall for the last quarter, meaning the country has entered its first recession in nearly 30 years. That means Australia ...

Could Australia experience a recession in the next few years? Absolutely. Is it probable? Not yet, but let’s explore how it might unfold. Speculating about a recession is fraught with difficulties.

Australians will likely get a rate cut sooner than expected, with the quarterly national accounts coming in weaker than market estimates. According to the latest ABS figures, GDP rose in the March ...

THE Reserve Bank today publicly declared Australia had joined its global peers in recession for the first time in almost two decades. RBA Governor Glenn Stevens’s candid admission that the economy was ...

Australia's epic run without a recession is at risk after its economy shrank in the latest quarter. The country's GDP contracted 0.5% in the three months through September, according to official data ...

AUSTRALIA’S economy is expected to avoid recession in the coming year even as its top trading partner China slows sharply on Covid restrictions and rapid US policy tightening raises risks of a ...

It posted a seven percent quarter-on-quarter contraction in Q2, its steepest-ever plunge, and was one percentage point worse than what markets had expected. This latest GDP reading follows the minus 0 ...

SYDNEY: Australia has fallen into recession for the first time in three decades and Brazil's economy shrank by almost 10% because of the coronavirus, leaving China as the only major nation still ...

Australia is in a recession – but how bad will it get? This graph gives us a glimpse into what our future holds, and it’s not pretty. That’s the big question Australians are asking, and to answer it, ...

Australia has entered its first recession since 1991 after the economy shrank 7 per cent in the second quarter, official figures showed on Wednesday, as the country reels from the coronavirus pandemic ...