economy

Australia enters recession after three decades of growth

SYDNEY, Australia (AFP) -- Australia has entered its first recession since 1991 after the economy shrank 7 percent in the…

Coronavirus pushes leading world economies into record slumps

  PARIS, France (AFP) -- Brazil and India reported historic second-quarter drops in national economic output this week, a situation…

Australia enters recession after three decades of growth

SYDNEY, Australia (AFP) -- Australia has entered its first recession since 1991 after the economy shrank 7 percent in the…

Government urges UK to get back to work as job losses mount

  LONDON, United Kingdom (AFP) -- Britain's government on Friday urged people to return to work amid concern about the…

Most Asia stocks up on Fed rates news, Tokyo hit by Abe report

  HONG KONG, China (AFP) -- Expectations US interest rates will stay ultra low for as long as needed helped…

Peru, Argentine economies post huge falls

  LIMA, Peru (AFP) -- Peru's year-on-year GDP fell by 30 percent in the second quarter of 2020 as it…

World Bank chief warns COVID-19 pandemic has driven 100 million people to extreme poverty

Numbers could go higher if pandemic drags on   by Heather SCOTT Agence France Presse WASHINGTON, United States (AFP) --…

Thailand’s economy shrinks most in more than 20 years

BANGKOK, Thailand (AFP) -- Thailand's economy suffered its worst contraction since the Asian financial crisis more than two decades ago,…

Japan economy shrinks record 7.8% in April-June

  by Hiroshi HIYAMA Agence France Presse TOKYO, Japan (AFP) -- Japan's economy shrank a record 7.8 percent in the…

Malaysian economy shrinks most in more than 20 years

  KUALA LUMPUR, Malaysia (AFP) -- Malaysia's economy suffered its worst contraction in more than 20 years during the second…

UK in record recession after economy shrinks by fifth

by Jean-Baptiste OUBRIER LONDON, United Kingdom (AFP) -- Britain's economy shrank by a fifth in the second quarter, higher than…

Indonesia’s virus-hit economy contracts for first time in two decades

JAKARTA, Indonesia (AFP) -- Indonesia's economy contracted in the second quarter for the first time in more than two decades…

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