Coronavirus has done to Australia what even the global financial crisis couldn’t: abruptly end a record growth run and help trigger a deep recession from which the country will take time to recover.

Australia fell into its deepest economic slump on record last quarter as coronavirus curbs paralysed business activity, while fresh outbreaks threaten to upend any immediate recovery, piling pressure ...

MELBOURNE, Aug 5 (Reuters) - Australia's Queensland state on Wednesday said it would close its border with New South Wales state to hold back a second wave of COVID-19, while the country's ...

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 ...

In the category of things you already knew but it’s nice when they become official, add this: The COVID-19-induced recession that began in March 2020 ended the following month. The National Bureau of ...

The coronavirus shockwaves rippling through U.S. stocks are forcing investors to contemplate outcomes more dire than a recession, including several quarters of declining economic activity, a credit ...

SYDNEY, Nov 30 (Reuters) - Australia's economy is expected to have grown by the most in 12 years last quarter, though the country is not out of the woods yet with fiscal stimulus being tapered and ...

We’re in a recession. Before you buy a stock, know what you plan to get out of it. Is it for income or quick profits? One is riskier than the other. Up till the start of 2020, the stock market was ...