Treasurer Jim Chalmers says the Australian economy is on the up and up,but social media tells a different tale. Welcome to the world of “recession indicators”.
A record seven quarters of falling GDP per person has finally ended,with new figures showing the economy improving in late 2024.
Australians back their governments at times of national peril,then dump them when it’s over. Who will they blame in 2025?
The Reserve Bank and governments pumped hundreds of billions of dollars into the economy to deal with Covid. We are still counting the cost.
Australia could be pushed into a recession if universities are forced to slash their international student numbers under Labor’s migration crackdown.
The Reserve Bank is at a critical point,economists say – it could let inflation remain a little higher for longer or risk tipping Australia into a recession.
Maybe the Reserve Bank needs to see more blood on the street before it will believe we’re getting inflation back under control. If so,we’re running a bigger risk of recession than the central bank cares to admit.
The International Monetary Fund forecasts inflation will not return to 2-3 per cent until 2026,suggesting well-targeted stimulus measures for struggling households.
Australia will avoid a recession,but consumers will face a tougher Christmas and new year,especially if there is another rate hike,leading fund managers say.
Ryan Stokes says Australia has so far been able to weather the barrage of rate rises over the past 15 months,but another hike could push it over the edge.