Japanese economy grew at annualized rate of 21.4% in July-September quarter after two consecutive quarters of contraction due to the pandemic, driven by rise of private spending and exports. 2020-11-17
The Reserve Bank of Australia slashes its official cash rate to a historic low 0.1%, in an attempt to boost spending in the economy and address the high rate of unemployment caused by the COVID-19 pandemic. It is also expected that the cash rate will not go up for at least another three years. 2020-11-3
The economy enters recession for the first time since 1987 after the country's GDP declined by 12.2% between April and June, amid a nationwide lockdown and travel bans due to COVID-19. 2020-09-17