Australian Treasurer Josh Frydenberg confirmed the country is in a recession on Wednesday.
"Based on what we know from Treasury, we're going to see a contraction in the June quarter which is going to be a lot more substantial than what we have seen in the March quarter," Treasurer Josh Frydenberg told media on Wednesday, confirming the country is today in recession. While a negative first quarter doesn't really make much difference in the grand scheme of things, it could have opened the door to denialists and revisionists.Wednesday's official numbers have helped at least kill off that possibility, with the Treasurer laying out the challenge ahead.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Congo health ministry confirms at least 4 new EbolaOutbreak Deaths in Western city
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amex sees slight improvement from billings - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Citi warns stocks are 'way ahead of reality,' JPMorgan sees more gains - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Both are true. And neither situation makes any sense.
Source: BusinessInsider - 🏆 729. / 51 Read more »
What do buy ahead of 20%+ stock market rally over the next year: BofA - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
West African nations brace for coronavirus spike 6 years after Ebola killed 11,000 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 😣😣 It's over for Africa In European countries and America how many so far? Only African really?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Advertisers were having a terrible year, and it just got worse - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 🙏 A thin silver lining Those that don't pivot and move with the times will be truly affected. Those that do will prosper.
Source: BusinessInsider - 🏆 729. / 51 Read more »
One-third of unemployment benefits have yet to reach Americans - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Still waiting for the $1200
Source: BusinessInsider - 🏆 729. / 51 Read more »