text

New Zealand economy in deepest recession as Q2 GDP drops

A view of Oakland, New Zealand. /VCG New Zealand fell into its deepest economic slump on record in the second quarter of 2020 as its battle against the coronavirus pandemic paralyzed business

text

Australia faces economic setback as new outbreaks shut down Melbourne

A view of Melbourne. /VCG A hard lockdown in Australia's second-largest city will likely erase nearly five billion Australian dollars (3.5 billion U.S. dollars) of economic output over six wee

text

Chinese demand drives record Australian trade surplus in March

Australia's trade surplus ballooned to a record 6.8 billion U.S. dollars in seasonally adjusted terms in March, largely on the back of strong Chinese demand for iron o