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

SYDNEY, Dec 2 (Reuters) - Australia's economy rebounded sharply in the third quarter from a coronavirus-induced recession as consumer spending surged though the country's top central banker signalled ...

What is a recession? What are the key indicators of a recession? How do government and central banks respond to recessions? What are the causes of recessions? How can individuals and businesses ...

SYDNEY (Reuters) -Australia will be able to manage the direct impact of U.S. President Donald Trump's tariffs but economic growth will take a hit as the global economy slows, Treasurer Jim Chalmers ...

As economic uncertainty from the COVID-19 pandemic mounts, one organization is predicting the damage could be the worst the world has seen since the Great Depression. The International Monetary Fund ...

President Donald Trump's aggressive tariffs have shaken investors' faith in U.S. markets. Many fear a recession might be just around the corner. It has been awhile since U.S. investors have had to ...

First, some background: Three years ago, as the economy recovered from the brief COVID-19 recession, economists were already talking about another downturn. Russia had invaded Ukraine. Inflation was ...