World News Desk
Learn the why behind the headlines.
Subscribe to the Real Truth for FREE news and analysis.
Subscribe NowAustralia’s Prime Minister Kevin Rudd admitted for the first time that his country will most likely be unable to withstand the current worldwide recession.
“The worst global economic recession in 75 years means it’s inevitable that Australia too will be dragged into recession.”
Mr. Rudd’s comments followed those by Australian Reserve Bank Governor Glenn Stevens, who said Australia’s financial situation depends on how well overseas economies can recover (ABC News).
Last month, the nation’s unemployment rate increased more than it has since 1991.
More on Related Topics:
- Many Countries Are Bouncing Back From the Pandemic but the Poorest Are Not, UN Says
- Gambling Boom: U.S. Casinos Set New Revenue Records in 2023
- A Record Number of Americans Can’t Afford Their Rent. Lawmakers Are Scrambling to Help
- Mexico Overtakes China as the Leading Source of Goods Imported by U.S.
- U.S. National Debt Hits Record $34 Trillion
Latest News
-
April 15, 2024
- The Shadow War Between Iran and Israel Has Been Exposed. What Happens Next? April 12, 2024
- More Aid Is Supposed to Be Entering the Gaza Strip. Why Isn’t It Helping?
- Sudan’s War Began a Year Ago. Children Are Among Its Most Fragile Survivors April 11, 2024
- The Losing Battle Against Greece’s Tumbling Birthrate
- U.S. Border Security: What Could President Biden, Congress and Texas Do? April 9, 2024
- Russia, Kazakhstan Evacuate Over 100,000 People amid Worst Flooding in Decades
- U.S. Wildfires Are Getting Bigger and More Complex, Prompting Changes in Firefighting Workforce April 5, 2024
- Haiti’s Surge in Gang Violence Has Led More Than 53,000 to Flee the Capital in Less Than Three Weeks
- Explainer: Could the Palestinians Become a Full United Nations Member?
- U.S. Tuberculosis Cases Were at the Highest Level in a Decade in 2023 April 4, 2024
- What to Know About Next Week’s Total Solar Eclipse in the U.S., Mexico and Canada April 3, 2024
- Analysis: Many Iranian Options to Retaliate Against Israel, But All Carry Risk April 2, 2024
- Extreme Drought in Southern Africa Leaves Millions Hungry April 1, 2024
- Dengue Is Sweeping Through the Americas Early This Year March 29, 2024
- Analysis: Russian Veto Points to ‘Grim Future’ for North Korea Sanctions Enforcement March 28, 2024
- Haiti Gang Violence Deaths Surge in 2024, UN Report Says
- Southeast Asia Human Trafficking Now a Global Crisis, Interpol Says
- Baltimore Bridge Collapse Highlights Need to Protect Critical Foundations March 27, 2024
- 783 Million People Face Chronic Hunger. Yet the World Wastes 19 Percent of Its Food, UN Says March 25, 2024
- How the Deadliest Attack on Russian Soil in Years Unfolded Over the Weekend
