Historical examples of recessions, such as the Great Depression, the Great Recession, and the COVID-19 Recession, provide valuable insights into the mechanisms behind economic downturns and the ...

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.

Concerns about the Chinese economy had already sent the Australian dollar below 60 cents for the first time since the COVID-19 pandemic, he added. The Aussie steadied at $0.6020 on Monday.

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 ...

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 said on Monday.