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Brazil officially entered recession this week as gross domestic product figures showed a 0.8 percent drop for the first quarter of the...

The International Air Transport Association (IATA) has estimated that the airline industry stands to lose $9 billion this year due to...

Federal Treasurer Wayne Swan will not say whether Australia can expect to avoid recession for the remainder of the year, after...

Opposition leader Malcolm Turnbull believes it was the strength of Australia's exports, not the Federal Government stimulus package,...

A surge in trade for the March quarter may spare Australia from an actual recession. The official definition of a recession is two...

While Australia sweats over whether the GDP has expanded or contracted by 0.2 percent, official figures from Canada show their economic...

The Australian Bureau of Statistics (ABS) today released data showing that the Australian economy grew by 0.4 percent (seasonally...

Australia's recession will become official if this week's economic data from the March quarter shows that our gross domestic product has...

The United Nations has revised its global growth forecast, predicting the world's economy will contract by 2.6 percent this year;...

Federal Treasurer Wayne Swan will await next week's figures on the March quarter with confidence after expressing his faith in the...