Search results
Results From The WOW.Com Content Network
The fall in travel was expected to drive Belize into a deep recession in 2020. [225] In 2020, the economy contracted 13.4% with the sharpest declines observed in net foreign demand and private consumption. On an annualized base, the unemployment rate increased 19.1% from September 2019 to September 2020. [232]
As of 6 April 2020 at least 12 deaths and more than 700 cases of coronavirus in Australia in Australia are now linked to this incident. The 2020 AFL season and 2020 AFL Women's season are suspended due to the COVID-19 pandemic. The 2020 AFL season has been scheduled to resume on 11 June 2020. [33] 23 March –
The 2020–21 Budget will be handed down on 6 October, delayed from May. [126] Treasury estimates now place Australia on track to experience a depression, with Australia experiencing a 0.25% contraction in GDP in the 2019–20 financial year, and predictions now expecting a greater than 2.5% contraction in the financial year of 2020–21. [127]
The Australian economy will likely avoid a recession despite the world economy being in "a dangerous place right now", Treasurer Jim Chalmers said on Tuesday, ahead of the government's first ...
Senior World Bank officials on Friday warned that developing economies could see a deeper recession than currently expected if consumption and investment do not rebound quickly after the ...
The COVID-19 pandemic put a strain on Australia’s economy, and emergency measures were taken to keep Australians employed. The 2020–21 budget, presented 5 months later than its traditional May date, will take this pandemic into account, especially for the Department of Home Affairs, with a COVID-19 response package.
For example, the NBER didn't declare the recent pandemic-related recession in March 2020 an official recession until July 2021. The contrarian: Michael Burry of "The Big Short" fame in 2015.
On 2 September 2020, as a result of the COVID-19 pandemic, Australia officially went into recession (defined as two quarters of negative growth) with GDP falling 7% in the June 2020 quarter, the largest drop on record.