Tags: Economy

With low current account deficit level, it is almost certain that Australia is entering a time of recession. However, infrastructure and household spending, as well as higher exports, seem to give hope to the contraction.

Phil Lowe has a cuttingly sharp message for politicians and business. He says it's up to them to do a whole lot more than monetary policies to avoid bigger social and economic problems.

A U.S. court ruling cleared the way for Argentina to pay its debts and return to global credit markets early next week, as a new president tries to turn the page on almost a decade and a half of messy defaults and litigation.