Sunday, July 25, 2021

recession

Singapore’s virus-hit economy suffers worst decline in 2020

But the 5.8% decline was not as bad as the 6.5% fall predicted by official forecasts.

Indonesia tumbles into first recession for 2 decades

Several million people have been laid off or furloughed as Indonesia, home to nearly 270 million, battles to contain the crisis.

NZ hits first recession in decades

Finance Minister Grant Robertson says the current figures are expected given the government's tough restrictions to contain the coronavirus.

Australia in recession for first time in 30 years

Social assistance benefits in cash also rose to a record 41.6% due to an increase in number of recipients and additional support payments.

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