1. 'We have your back': Treasurer responds to record fall in GDP  Sky News Australia
  2. Australia's Q2 GDP shrinks at record pace as COVID-19 pushes country into recession  CNA
  3. Australia Q2 GDP shrinks at record pace as COVID triggers recession  Nikkei Asian Review
  4. Australia’s GDP Falls More Than Forecast, Confirming Recession  Bloomberg
  5. Australia enters recession after three decades of growth - The Jakarta Post  Jakarta Post
  6. View Full coverage on Google News
SYDNEY: Australia suffered its worst economic downturn on record last quarter as it battled the coronavirus crisis, while fresh outbreaks threaten ...SYDNEY: Australia suffered its worst economic downturn on record last quarter as it battled the coronavirus crisis, while fresh outbreaks threaten ...

Australia's Q2 GDP shrinks at record pace as COVID-19 pushes country into recession - CNA

SYDNEY (Reuters) -- Australia suffered its worst economic downturn on record last quarter as it battled the coronavirus crisis, while fresh outbreaksQuarterly contraction of 7% cuts deeper than median forecasts

Australia Q2 GDP shrinks at record pace as COVID triggers recession - Nikkei Asian Review

Scott Morrison is under pressure to wind back support – but it is far too early to be standing on the exit ramp<br>Scott Morrison is under pressure to wind back support – but it is far too early to be standing on the exit ramp

Australia’s economy was already weak – and the coronavirus pandemic has belted it into recession | Australian economy | The Guardian

COVID-19 pandemic has had a massive impact on one of the fastest-growing economies in the world. India's economic growth suffered a historic 23.9 per cent decline between April and June.COVID-19 pandemic has had a massive impact on one of the fastest-growing economies in the world. India's economic growth suffered a historic 23.9 per cent...

SBS Language | COVID-19 economic impact: Indian GDP shrinks by 23.9 per cent; Australia records 7 per cent drop

The Treasurer is today expected to announce Australia has entered its first recession in almost three decades with an expected six per cent contraction in Gross Domestic Product during his national accounts address. Josh Frydenberg said the coronavirus pandemic swung "a wrecking ball" through the economy but said Australia was doing better comparatively than other nations. "The impact... on GDP in the June quarter across the world has been staggering," Mr Frydenberg said. "In the United Kingdom, it has been around 20 per cent. In France, it has been around 14 per cent. "The expectation is the fall here will not be as large as we've seen in other countries around the world indicating the remarkable resilience of the Australian economy." The contraction represented the worst economic downturn since records began in the 1950s - dwarfing a two per cent quarterly drop in 1974. The Reserve Bank of Australia unsurprisingly announced yesterday it would again keep the cash rate on hold at the record low 0.25 per cent but Governor Philip Lowe confirmed another cut was unlikely for the "forseeable future". Meanwhile, the parliament has greenlighted the government's plan to cut Jobseeker and Jobkeeper payments beyond September when a two-tiered, revised system comes into effect through to March 2021. The Treasurer argued it was time to begin winding back the government's high level of fiscal support, but said no Australian would be "left in the lurch". Image: News Corp AustraliaThe Treasurer is today expected to announce Australia has entered its first recession in almost three decades with an expected six per cent contraction in Gross Domestic Product during his national accounts address. Josh Frydenberg said the coronavirus pandemic swung "a wrecking ball" through the economy but said Australia was doing better comparatively than other nations. "The impact... on GDP in the June quarter across the world has been staggering," Mr Frydenberg said. "In the United Kingdom, it has been around 20 per cent. In France, it has been around 14 per cent. "The expectation is the fall here will not be as large as we've seen in other countries around the world indicating the remarkable resilience of the Australian economy." The contraction represented the worst economic downturn since records began in the 1950s - dwarfing a two per cent quarterly drop in 1974. The Reserve Bank of Australia unsurprisingly announced yesterday it would again keep the cash rate on hold at the record low 0.25 per cent but Governor Philip Lowe confirmed another cut was unlikely for the "forseeable future". Meanwhile, the parliament has greenlighted the government's plan to cut Jobseeker and Jobkeeper payments beyond September when a two-tiered, revised system comes into effect through to March 2021. The Treasurer argued it was time to begin winding back the government's high level of fiscal support, but said no Australian would be "left in the lurch". Image: News Corp Australia

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GDP summary • The Australian economy fell 7.0% in seasonally adjusted chain volume measures • GDP fell 7.6% in seasonally adjusted current price measures • The terms of trade rose 0.2% • Household saving ratio increased to 19.8% from 6.0%. {table}{charts} GDP falls 7pc, worst since ...GDP summary • The Australian economy fell 7.0% in seasonally adjusted chain volume measures • GDP fell 7.6% in seasonally adjusted current price measures • The terms of trade rose 0.2% • Household saving ratio increased to 19.8% from 6.0%. {table}{charts} GDP falls 7pc, worst since ...

Australian National Accounts: National Income, Expenditure and Product, Jun 2020 | Forex Factory

The country was already reeling from a prolonged drought and massive bush fires that had rattled the economy before the disease struck.The country was already reeling from a prolonged drought and massive bush fires that had rattled the economy before the disease struck.

Australian shares are set to open higher, boosted by late gains on Wall Street. $A slips. Second-quarter GDP on Wednesday's agenda.Australian shares are set to open higher, boosted by late gains on Wall Street. $A slips. Second-quarter GDP on Wednesday's agenda.

Australian Financial Review

Altium Limited (ASX:ALU) and Santos Ltd (ASX:STO) shares will be on watch on the ASX 200 on Wednesday. Here's why...Altium Limited (ASX:ALU) and Santos Ltd (ASX:STO) shares will be on watch on the ASX 200 on Wednesday. Here's why...

5 things to watch on the ASX 200 on Wednesday 2 September 2020 // Motley Fool Australia

Asian-Pacific markets were mixed in early trading Wednesday, after Wall Street hit more records and Australia confirmed it was in its first recession in 29...Asian-Pacific markets were mixed in early trading Wednesday, after Wall Street hit more records and Australia confirmed it was in its first recession in 29...

Asia-Pacific markets mixed as Australia falls into first recession in three decades - MarketWatch

NoCookies | The Australian

Australia's Gross Domestic Product (GDP) has fallen by 7.0%.

Recession confirmed: GDP plunges 7% in largest ever fall 

We dodged and weaved around the global financial crisis. We skipped past the Asian financial crisis and side-stepped the post-Dom.Com bubble recession. But th...We dodged and weaved around the global financial crisis. We skipped past the Asian financial crisis and side-stepped the post-Dom.Com bubble recession. But th...

Virus ends Australia's impressive run | Bunbury Mail | Bunbury, WA

Latest breaking news articles, photos, video, blogs, reviews, analysis, opinion and reader comment from New Zealand and around the World - NZ HeraldLatest breaking news articles, photos, video, blogs, reviews, analysis, opinion and reader comment from New Zealand and around the World - NZ Herald

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We’re for Sydney | Daily Telegraph

The Australian economy contracted by 7.0 per cent in the June quarter, confirming the nation is in its first recession in almost 30 years. Australian Bureau o...The Australian economy contracted by 7.0 per cent in the June quarter, confirming the nation is in its first recession in almost 30 years. Australian Bureau o...

Pandemic pushes economy into recession | The Young Witness | Young, NSW

Treasurer Josh Frydenberg says falls in spending on transport, hotels, cafes and restaurants caused by coronavirus has “wreaked havoc” on the economy. Treasurer Josh Frydenberg says falls in spending on transport, hotels, cafes and restaurants caused by coronavirus has “wreaked havoc” on the economy.

Australia’s first recession in 30 years confirmed

Figures for the June quarter are expected to show the worst economic growth in at least 60 years, with a contraction of around six per cent because of the coronavirus pandemic.Figures for the June quarter are expected to show the worst economic growth in at least 60 years, with a contraction of around six per cent because of the coronavirus pandemic.

Australia's first recession in almost 30 years is set to be confirmed TODAY | Daily Mail Online

Australia's economy has shrunk the most since records began in 1959 due to lockdowns.Australia's economy has shrunk the most since records began in 1959 due to lockdowns.

Australia in first recession for nearly 30 years - BBC News

This is the nation's worst economic growth in 61 years.This is the nation's worst economic growth in 61 years.

‘Dark day’: Australia officially enters first recession in 30 years

Australia&#39;s economy shrank 0.3% in the previous three months&nbsp;Australia&#39;s economy shrank 0.3% in the previous three months&nbsp;

Australia enters recession after 3 decades of growth | Dhaka Tribune

A recession is defined as two consecutive quarters in which a country's GDP falls.

Australia is officially in a recession as GDP falls 7 per cent in June

GDP fell 6.3 per cent on last year, ending nearly three decades of growthGDP fell 6.3 per cent on last year, ending nearly three decades of growth

Australia plunges into recession after worst quarter on record

Australia worst economic contraction since World War II has been confirmed with the country officially entering into a recession.Australia worst economic contraction since World War II has been confirmed with the country officially entering into a recession.

Perth Now

Australia's GDP plunged 7% from first three months of the year, the first back-to-back quarterly declines since 1991, statistics bureau data showed.Australia's GDP plunged 7% from first three months of the year, the first back-to-back quarterly declines since 1991, statistics bureau data showed.

Now, Australia's GDP falls by most on record, confirms first recession in 30 years

Australia's GDP plunged 7% from first three months of the year, the first back-to-back quarterly declines since 1991, statistics bureau data showed.Australia's GDP plunged 7% from first three months of the year, the first back-to-back quarterly declines since 1991, statistics bureau data showed.

Now, Australia's GDP falls by most on record, confirms first recession in 30 years

SYDNEY (REUTERS, AFP) - Australia has entered its first recession since 1991 after the economy shrank 7 per cent during the second quarter as it battled the coronavirus pandemic, as fresh outbreaks threaten to upend an already bumpy road to recovery.. Read more at straitstimes.com.Economy News -SYDNEY (REUTERS, AFP) - Australia has entered its first recession since 1991 after the economy shrank 7 per cent during the second quarter as it battled the coronavirus pandemic,

Coronavirus: Australia enters recession after three decades of growth, Economy News & Top Stories - The Straits Times

Australian shares jump as the nation suffers its worst economic contraction on record, while the Australian dollar slips from its two-year high.Australian shares jump as the nation suffers its worst economic contraction on record, while the Australian dollar slips from its two-year high.

iview

Welcome to your serving of the day’s breaking news from South Australia, the nation and abroad. Follow this post for live updates through the day.Welcome to your serving of the day’s breaking news from South Australia, the nation and abroad. Follow this post for live updates through the day.

What we know today, Wednesday September 2 - InDaily

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.   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.  

Australia enters recession after three decades of growth | ABS-CBN News

Australian workers officially have wage subsidies locked in until next year as the nation's first recession in almost 30 years is set to be confirmed. Figures...Australian workers officially have wage subsidies locked in until next year as the nation's first recession in almost 30 years is set to be confirmed. Figures...

Recession looms as wage subsidies extended | Cowra Guardian | Cowra, NSW

Gross domestic product plunged 7% from the first three months of the year.Gross domestic product plunged 7% from the first three months of the year.

Australia’s GDP falls more than forecast, confirming recession | Business – Gulf News

Australia suffered its worst economic downturn on record last quarter as it battled the coronavirus crisis, while fresh outbreaks threaten to upend an already bumpy road to recovery and pile pressure on the government to keep fiscal taps open.Australia suffered its worst economic downturn on record last quarter as it battled the coronavirus crisis, while fresh outbreaks threaten to upend an already bumpy road to recovery and pile pressure on the government to keep fiscal taps open.

Australia's Second-quarter GDP Shrinks At Record Pace As Coronavirus Pushes Country Into Recession

Australia’s economy contracted by the most on record last quarter, with the recovery from the nation’s first recession in almost 30 years buffeted by Victoria state’s renewed Covid outbreak and lockdown.Australia’s economy contracted by the most on record last quarter, with the recovery from the nation’s first recession in almost 30 years buffeted by Victoria state’s renewed Covid outbreak and lockdown.

Australian GDP Falls by Most on Record, Confirming Rece...