gross domestic product Australia - updates

Rappler's latest stories on gross domestic product Australia


Australia heading for recession after economy contracts

Jun 03, 2020 - 8:55 PM

Australia's gross domestic product shrinks 0.3% in January-March 2020. It is now on track to enter its first recession since 1991.

AUSTRALIA ECONOMY. People queue outside a benefits payment center in Sydney on March 23, 2020. Photo by Peter Parks/AFP

Australia 'losing $2.5 billion a week' in virus shutdown

May 05, 2020 - 3:00 PM

Australia's gross domestic product is expected to fall 10% in the 2nd quarter of 2020

A man (L) walks through a deserted part of Melbourne's Queen Victoria Market on May 5, 2020. - Australia's economy is losing 4 billion Australian dollars (2.5 billion USD) every week its virus shutdown continues, while a million workers have already lost their jobs in the crisis, according to figures announced on May 5. (Photo by William WEST / AFP)