The Norwegian economy contracts by 2.5% in 2020 due to the impact of the COVID-19 pandemic, even as their Q4 GDP grew faster than expected by 1.9%. 2021-02-12
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