Recession ‘most likely’ and inflation to rebound:AustralianSuper

Recession ‘most likely’ and inflation to rebound:AustralianSuper

The chief investment officer of Australia’s biggest super fund says the Reserve Bank will tame inflation in the short term but will “most likely” plunge the country into recession.

  • byMillie Muroi

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‘Pretty brutal’:Chalmers promises relief in budget after shock rate rise

‘Pretty brutal’:Chalmers promises relief in budget after shock rate rise

The head of Deloitte Access Economics,Pradeep Philip,warns the Reserve Bank is pushing the country to the brink of recession.

  • byRachel Clun andShane Wright
Australia tipped to avoid recession this year,but it will still feel like one for many
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RBA

Australia tipped to avoid recession this year,but it will still feel like one for many

Top economists say the RBA and its fight to bring down inflation will be the key influence on the strength of the economy through 2023 and into next year.

  • byShane Wright andRachel Clun
Price caps to exceed expectations on curbing power bill rises:Chalmers
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Electricity

Price caps to exceed expectations on curbing power bill rises:Chalmers

The federal treasurer said new analysis by his department showed the government’s intervention was “already starting to work” by causing a fall in power price rises.

  • byAnthony Galloway
The top 7 economic buzzwords you’ll need to know in 2023

The top 7 economic buzzwords you’ll need to know in 2023

From “quantitative tightening” to “neutral interest rates” and “wage price spiral”,here is a rundown of key economic terms you’ll need to know ahead of the 2023 economic maelstrom.

  • byJessica Irvine
‘Champagne shortage is real’:Popular bubbly brands harder to find this Christmas

‘Champagne shortage is real’:Popular bubbly brands harder to find this Christmas

Drinks retailers are struggling to keep Moet and Veuve Clicquot on shelves and experts are urging Australians to diversify their palates.

  • byJessica Yun
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Interest rates lifted to nine-year high to tackle ‘the evil of inflation’

Interest rates lifted to nine-year high to tackle ‘the evil of inflation’

RBA governor Philip Lowe acknowledged that rates had risen “materially” since May but said the board expected to increase them further over the period ahead.

  • byRachel Clun andShane Wright
Memo RBA board:Time to stop digging in deeper on interest rates

Memo RBA board:Time to stop digging in deeper on interest rates

If the advanced economies’ central banks push the world into recession,the biggest risk isn’t that they’ll drag us down too,but that Australia’s Reserve Bank will raise interest rates too far.

  • byRoss Gittins
Is this the budget we need? Our experts deliver their verdicts

Is this the budget we need? Our experts deliver their verdicts

Jim Chalmers’ first budget makes good on some election promises,but there’s still plenty of work ahead. Here’s what our experts thought.

  • byDavid Crowe,Shane Wright,Jessica Irvine,Ross Gittins andPeter Hartcher
Victoria can avoid the recession threatening to engulf the UK and Europe

Victoria can avoid the recession threatening to engulf the UK and Europe

The Australian economy is surprisingly well-protected against the rising cost of living. Spending cuts would be deeper if consumers hadn’t banked more than $200 billion in savings over the pandemic.

  • byDavid Rumbens
Confidence slumps around globe with leading economies ‘on brink of recession’

Confidence slumps around globe with leading economies ‘on brink of recession’

High and persistent inflation worldwide,and the actions by central banks to rein it in,are depressing economic activity,dampening confidence,and roiling financial markets.

  • byRob Harris