Search results
Results from the WOW.Com Content Network
The Australian economy will likely 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 ...
Australia’s new government released plans Tuesday for more spending on families, the elderly, defense and its Pacific neighbors as the country braces for an economic slowdown due to rising ...
(Reuters) -S&P Global Ratings upgraded its outlook on Australia's coveted "AAA" sovereign rating to 'stable' from 'negative' on Monday citing the country's "swift economic recovery" from the COVID ...
The COVID-19 recession was a global economic recession caused by COVID-19 lockdowns. The recession began in most countries in February 2020. After a year of global economic slowdown that saw stagnation of economic growth and consumer activity, the COVID-19 lockdowns and other precautions taken in early 2020 drove the global economy into crisis.
Australia is a member of the APEC, G20, OECD and WTO. The country has also entered into free trade agreements with ASEAN, Canada, Chile, China, South Korea, Malaysia, New Zealand, Peru, Japan, Singapore, Thailand and the United States. [48] [49] [50] The ANZCERTA agreement with New Zealand has greatly increased integration with the economy of ...
The October 2022 Australian federal budget was the federal budget to fund government services and operations. The budget was presented to the House of Representatives by Treasurer Jim Chalmers on 25 October 2022. It was the first budget to be handed down by the Australian Labor Party since their election to government at the 2022 federal election.
Australia's central bank cut its benchmark interest rate by a quarter of a percentage point on Tuesday to a record low of 1% in a bid to boost the economy. Previously the Reserve Bank of Australia ...
As of April 2020, up to a million people have been laid off due to effects of the recession. [124] Over 280,000 individuals applied for unemployment support at the peak day. [125] On 23 July 2020, Josh Frydenberg delivered a quarterly budget update stating the government had implemented a A$289 billion economic support package. As a result, the ...