Australia’s GDP Contracts in Q1 2020, Could Get Worse in Q2
The Australian economy fell into contraction during Q1 2020 and raises worries that the country could enter its first technical recession in Full Article
US Economy to Lose up to $8 Trillion Until 2030 Due to Coronavirus: CBO
The impact of the coronavirus pandemic on the US economy is likely to remain for around 10 years and could erase up to $8 trillion worth of Full Article
RBA Governor Offers Hope About Economic Recovery in Australia
RBA governor Philip Lowe delivered some optimistic remarks about the Australian economy recently when he let on that employment levels in Full Article
Global Economy Unlikely to Recover Soon After the Pandemic
Economists polled by Reuters anticipate a gloomier outlook for the global economy this year than previously forecast, in the wake of the Full Article
Singapore Downgrades GDP Forecasts for 2020
Singapore's trade ministry has once again downgraded GDP forecasts for this year, in anticipation of what could be the worst ever economic Full Article
Britain’s Economy to Contract Severely in 2020, But BOE May Not Resort to Negative Rates
Britain is headed into the most severe economic recession in hundreds of years as a result of the coronavirus pandemic, according to a poll Full Article
China Puts Off Annual Growth Target for 2020, Set to Increase Fiscal Stimulus Measures
China has started its fresh Parliament session by removing its annual growth target for this year for the first time on record, even as Full Article
World Economic Forum Warns About Long Recession in Global Economy
The global economy is expected to experience a recession for an extended period of time as a result of the ongoing coronavirus pandemic Full Article
Japan’s Finance Minister Cautions About Tough Economic Conditions in Q2 2020
Japan's finance minister Taro Aso has warned that his country's economy could face significant downward pressure in the current quarter Full Article
RBA Minutes Highlight Challenges to Australian Economy
The minutes from RBA's latest meeting reveal the central bank admitting that Australia's economy is set to experience an unprecedented Full Article
Japan’s Economy in Recession as Domestic and External Demand Decline in Q1 2020
Japan's GDP data is out and officially reveals the first recession in the world's third largest economy in over four years. Japan's economy Full Article
Gold Gains as Focus Shifts on US-China Tensions, Economic Fallout From Pandemic
At the beginning of a fresh trading week, gold prices are making gains and rising over worries about tensions between the US and China Full Article
US Economic Outlook Deteriorates, Economic Recovery to Take Longer
A recent Reuters poll indicates a worsening outlook for the US economy in the coming months and an even longer road to recovery in the wake Full Article
IMF Highlights Weak Demand Delaying Economic Recovery
The IMF has cautioned that the contraction in the global economy could be more severe than expected as consumer consumption is likely to Full Article
EBRD Downgrades Economic Outlook for 37 Countries Across Europe, Asia and Africa
The European Bank for Reconstruction and Development (EBRD) has forecast a severe contraction in economies of 37 countries across Europe Full Article
