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. A ...

It comes as a shock as the Reserve Bank of Australia (RBA) and the federal budget forecasts expected unemployment to remain ...

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 Chalmers ...

Australia’s minerals deal with the US is an undeniable milestone, but tariffs could still erode Australia’s manufacturing ...

Finance guru Mark Bouris has issued a stark warning that a US recession would have a butterfly effect on Australia's economy. The warning comes as economists hold their breath in anticipation of ...

First, some background: Three years ago, as the economy recovered from the brief COVID-19 recession, economists were already talking about another downturn. Russia had invaded Ukraine. Inflation was ...