Australia is officially in its first recession for almost three decades, with the June quarter GDP numbers showing the economy went backwards by 7 per cent — the worst fall on record and slightly ...

SYDNEY, Nov 30 (Reuters) - Australia's economy is expected to have grown by the most in 12 years last quarter, though the country is not out of the woods yet with fiscal stimulus being tapered and ...

Talk of a recession in Australia has picked up in recent weeks. Rising fuel prices, a sharp fall in consumer confidence, and signs of softer spending have all added to concerns the economy may be ...

SYDNEY (Reuters) - The risk of Australia's economy slipping into recession has risen sharply, after the central bank surprised markets this week by raising rates and warned it could tighten again to ...