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  2. Australia hopes to fend off recession despite global ... - AOL

    www.aol.com/news/australia-hopes-fend-off...

    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 ...

  3. Australia to raise spending to boost slowing economy - AOL

    www.aol.com/news/australia-reveal-economic-plan...

    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 ...

  4. S&P upgrades outlook on Australia's AAA rating to ... - AOL

    www.aol.com/news/p-upgrades-outlook-australias...

    (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 ...

  5. COVID-19 recession - Wikipedia

    en.wikipedia.org/wiki/COVID-19_recession

    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.

  6. Economy of Australia - Wikipedia

    en.wikipedia.org/wiki/Economy_of_Australia

    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 ...

  7. October 2022 Australian federal budget - Wikipedia

    en.wikipedia.org/wiki/October_2022_Australian...

    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.

  8. Australia's central bank cuts key interest rate 0.25% to 1% - AOL

    www.aol.com/news/australian-central-bank-cuts...

    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 ...

  9. 2020s in economic history - Wikipedia

    en.wikipedia.org/wiki/2020s_in_economic_history

    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 ...