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.
Most of the experts involved in corporate insolvencies warn Australia will tip into a recession in the next 12 months.
Australia has recorded its largest fall in productivity on record amid recession fears.
Whatever decision the Reserve Bank board makes about rates tomorrow – at governor Philip Lowe’s second-last meeting – the stronger case is for no increase.
Don’t wait to be told we’re officially in recession. Start acting now to ensure you come out the other side of what could be a prolonged downturn.