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 ...

Worst-case scenario modelling by Treasury shows oil prices as high as $200 a barrel in September quarter and inflation at 7.25% due to Iran war ...

Australians are slashing discretionary spending as financial pressure intensifies, creating recession-like conditions across parts of the economy ...

The strange thing about recessions is that most people do not realise they are in one until long after it has already started ...

For the first time in more than three decades, Australia faces the possibility of an economic shock that could be destructive ...

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 faces recession risk from Iran war Know the news with the 7NEWS app: Download today “The longer this goes on, the ...

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 ...

This week, the Reserve Bank delivered welcome news for mortgage holders, with another 25 basis points rate cut. With this cut, some are hoping that the cost-of-living pain will start to finally ease.

Australia has again experienced a per capita recession as GDP grew by only 0.2 percent in the March quarter with the year-on-year growth coming in at just 1.3 percent, according to data released by ...

AMP economist Shane Oliver predicts Australia is on the doorstep of a recession as fuel and fertiliser becomes more expensive and scarce each day the Strait of Hormuz is closed. “It’s like a the clock ...