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Australia plunges into growth after 3 decades of recession due to Covid19 outbreak

Shortpedia

Content Team
Image Credit: shortpedia

For the first time in three decades, Australia has plunged into recession after posting growth for 30 years. The economic fall in Australia due to the coronavirus crisis has deepened the global economic woes. Brazil's economy also shrank by 10% due to the Covid19 pandemic. From India to Europe, all the major economies are battling the economic crisis posed due to the pandemic that has killed more than 850,000 people.