Australia's GDP contraction in the second trimester turned out to be worse analysts' forecasts - it amounted to -6.3% y / y, while experts expected it at the level of -5.1%. On a monthly basis, GDP fell by 7% (analysts predicted 6%). As a consequence, the Australian economy entered a recession, which has not happened for 29 years. According to leading economist at Capital Economics Marcel Tillant, the Australian central bank is likely to take new measures supporting the economy. The regulator on Tuesday extended the line of credit for banking organizations up to Australian 200 billion dollars to keep rates low. Congressional Budget Office forecast, deficit the American federal budget, which is now on the highest mark since 1945, this year will grow by more than 3 times and will reach 3.3 trillion (16% of GDP). The main role in this will be played by billions of dollars allocated by the country's authorities to support economy in connection with the coronavirus pandemic.