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 A$2 trillion ($1.55 trillion) economy has rebounded sharply to above pre-pandemic levels thanks to the country's successful handling of the coronavirus pandemic together with massive ...
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 ...
The New Zealand Treasury concluded that the country's economy had contracted for a second quarter based on economic indicators, putting New Zealand in a recession. [10] New Zealand's central bank cut rates by half a percent arguing the economy was in recession. [11] New Zealand's GDP declined by 0.2 percent in the second quarter putting the ...
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'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 ...
The Housing Affordability in Australia - Good house is hard to find report stated that "the average house price in the capital cities is now equivalent to over eight years of average earnings; up from three in the 1950s to the early 1980s. [7] Some factors that may have contributed to the increase in property prices include:
To be sure, Fed rate hikes have helped bring consumer inflation down from 9.1% in mid-2022 to just 2.9% in the latest reading, the lowest annual rate in three years. But in the process, the ...