Wednesday, May 20, 2026
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Tag: Australian economy

Lockdowns sank Australian economy in third quarter

SYDNEY, Australia—Pandemic-induced lockdowns caused Australia’s economy to shrink 1.9 percent in the third quarter, a downturn that bucked the trend of a steady recovery...

Melbourne enters toughest lockdown

Australia’s second-largest city entered the country’s toughest lockdown yet on Thursday, sparking a fresh wave of anxiety and confusion over ever-tougher regulations. Melbourne’s streets were...

Australian economy likely fell 7% in Q2

Sydney, Australia"•Australia warned on Thursday that its economy will shrink at its fastest pace in history during the second quarter, while the budget deficit...

Australia economy slowed in 1st quarter

SYDNEY"•Australia marked a world-record 26 years without a recession Wednesday after official figures showed another quarter of economic expansion, but analysts warned of uncertain...
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