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 ...

United States President Donald Trump has blamed his predecessor's policies for a reported economic contraction, while Prime Minister Anthony Albanese has said Australia won't suffer a similar economic ...

But a recession could change all of that for Gen Z, which now makes up one third of the Australian workforce and are making money investing in financial markets, property and reshaping the corporate ...

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 ...

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 ...

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 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 ...