it's a strategy as 1st such downturn since 991 and frydenberg told reporters this crisis was like no other in the years following the global financial crisis as economy was relatively unscathed thanks to the economic management of the rudd and guillard governments and the message of economic stimulus package until 2019 g.d.p. continued its upward trend but the economy is predicted to contract by nearly 7 percent overall this year the treasury warned the recovery is likely to be slow and difficult road ahead we long road ahead will be hard the road ahead will be bumpy the country joins the united states japan u.k. and germany in recession. and now to some of the other global business stories making headlines brazil's economy shrunk by almost 10 percent in the 2nd quarter pushing the country into a recession president variables in our 0 who previously downplayed the health risks of the coronavirus pandemic has now extended a program to give cash to the 4 brazil currently has more than $3900000.00 confirmed coronavirus infections facebook has announced it will no longer allow australian

pandemic the effect a covert 19 induced recession it's a strongly as 1st such downturn since 991 and frydenberg told reporters this crisis was like no other in the years following the global financial crisis is economy was relatively unscathed thanks to the economic management of the road and governments and their message of economic stimulus package until 2019 g.d.p. continued its upward trend but the economy is predicted to contract by nearly 7 percent overall this year the treasury warned the recovery is likely to be slow and difficult the road ahead we long road ahead we had the road ahead will be bumpy the country joins the united states japan u.k. and germany in recession. and now to some of the other global business stories making headlines at this hour facebook has announced no longer a loss trillions to share news content on its platforms if legislation making it a local media is passed australian officials say the legislation would create a more sustainable local media industry where original content is compensated. brazil's economy shrunk by almost 10 percent in the 2nd quarter pushi