Tag: shrinks

Summary of main economic information for Wednesday 15 January 2020

0 commentsNewsAustraliaQ1economyrecessionshrinkssight

Australia-Q1 economy shrinks, recession in sight

SYDNEY, June 3 (Reuters) – The Australian economy has contracts in the first quarter when the country was hit by large fires and by the health crisis linked to coronavirus, which has caused business closings and losses jobs, foreshadowing of the first technical recession for three decades. According to data released Wednesday by the National ….  Read More

0 commentsNewsAPECCOVID19dueeconomyInternationalshrinks

APEC economy shrinks 2.7% in 2020 due to COVID-19 | International

Photo: malaysiakini.com Hanoi (VNA) – APEC (Asia-Pacific Economic Cooperation) is expected to post economic growth of 2.7% in 2020 due to the impact of the COVID-19 pandemic. It will be the largest drop since its economic growth rate of zero recorded in 2009 due to the global financial crisis, according to the Secretariat of theAPEC. ….  Read More