The Morrison Government says the Australian economy is well-positioned to withstand a US-China trade war and fears of US recession. Photo: AP/Richard Drew

News

Morrison Govt talks up economy, downplays recession fears

The Morrison Government says it will take all necessary actions to keep Australia’s economy afloat, amid fears of an impending recession in the United States.

Business

Gold up, stocks down as global recession fears rise

Gold rose more than 1.0 per cent overnight as an inverted US Treasury yield curve and weak euro zone data stoked fears of a global economic recession and drove investors toward safe-haven bullion.

 

News

Economy quietly hints at positive news: RBA

Australia’s economy may have reached a “gentle turning point” on the back of lower interest rates and recent tax cuts, Reserve Bank of Australia Governor Philip Lowe says.

National

Call for calm as Aus stocks plunge over US-China trade brawl

Treasurer Josh Frydenberg has called for cool heads as the United States and China lock horns over currency and tariffs in an ongoing trade war.

News

David Jones' owner drops value by $437m, says Australian retail "in recession"

South Africa’s Woolworths Holdings has written down the value of its David Jones business, declaring that the Australian retail sector is in recession.