Australia’s unemployment rate fell to 3.5 per cent in February just below consensus forecasts of 3.6 per cent. Follow updates here:
New Zealand’s economy shrank by 0.6 per cent in the final quarter of 2022, a greater contraction than expected.
The Reserve Bank and Treasury both tipped the Kiwi economy would tip into recession in 2023; however, these numbers show a contraction began last year. “A fall in transport equipment, machinery, and equipment manufacturing corresponded to lower investment in plant, machinery, and equipment,” Stats NZ’s Ruvani Ratnayake said.
NZ is also battling to regain its tourist numbers from pre-COVID levels, despite lifting its last remaining travel restrictions in August.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ASX LIVE: ASX futures tumble; Credit Suisse sinks, BHP, Rio, oil price plungeAustralian futures -1.7pc. Bond yields sink again. Gold climbs. Credit Suisse plunges 24pc, government steps in. Oil at lowest since Dec 2021. Follow updates here.
Read more »
Live: ASX to rise slightly, Wall Street rebounds from Silicon Valley Bank contagion fearsWall Street rebounds overnight as largely on-target inflation data and waning fears over contagion in the banking sector cool expectations about the size of the rate hike to come from the US Federal Reserve's policy meeting next week.
Read more »
Live: ASX to slide as Credit Suisse share plunge rattles marketsThe ASX 200 is expected to fall sharply when trade opens, after a plunge for giant Swiss bank Credit Suisse triggered a rout on European stock markets and losses on Wall Street overnight. Follow live on our blog.
Read more »
Australia news live: Coalition says fresh power bill rises are a broken promise; baby girl dies after Sydney car crashAustralia live news: Morrison says China threat inspired Aukus deal, Woodside directors face climate challenge
Read more »
Australia news live: Turnbull warns of ‘very, very high’ risks in Aukus subs planAustralia news live: Marles defends Aukus deal, voice working group to finalise advice
Read more »
ASX sinks as Credit Suisse woes rock global marketsTraders again abandoned bets of further tightening by central banks amid fears that contagion will send the global economy into a deep recession.
Read more »