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.
China will ease family planning restrictions to allow all couples to have two children after decades of a strict one-child policy, the ruling Communist Party said on Thursday, a move aimed at alleviating demographic strains on the economy.
South African riot police fired stun grenades on Wednesday at hundreds of protesting students who stormed the parliament precinct in Cape Town to try to disrupt the reading of Finance Minister Nhlanhla Nene's interim budget.
Ghana faced down the first major challenge to an IMF austerity program on Monday when doctors suspended a three-week strike but a bigger test of President John Mahama's commitment will come next year as he fights for reelection.
