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The Bank of England will release an additional 50 billion in sterling, raising the total flood of new cash to 125 billion sterling...

The International Monetary Fund (IMF) yesterday reduced its growth forecast for Asia, predicting a "long and severe recession" for the...

US Federal Reserve chairman Ben Bernanke believes the housing bust in the USA will bottom out this year, and predicts economic recovery...

Federal Treasurer Wayne Swan has pointed to worsening global conditions, which he says would force the Government to run the "temporary"...

World recession has forced the Australian government to go into deficit, which could be between $50-80 billion according to estimates....

The Asian Development Bank yesterday announced that 56,000 children in Asia could die as a result of the global economic crisis. "This...

The US economy has recorded a first quarter contraction of 6.1 percent (projected annually), due to falling exports and business...

Ireland's Economic and Social Research Institute has slashed its gross domestic product forecast, putting forward a prediction that the...

Global recession will affect Australia, but a downturn will not be as severe here, according to a report by Access Economics, despite a...