AMP Deputy Chief Economist Diana Mousina says there is a “50 per cent chance” Australia will head into a recession. “Our level of interests rates is sitting at a level that’s much more contractionary for Australia relative to where interest rates are in the US,” Ms Mousina told Sky News Australia. “Inflation’s coming down, which share markets generally tend to like.”... ( read more )
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'50 per cent chance’ recession could hit Australia As the global economy continues to face numerous challenges, Australia may not be immune to the possibility of a recession. According to recent reports, there is a 50 per cent chance that Australia could experience an economic downturn in the near future. The outbreak of the COVID-19 pandemic severely disrupted economies worldwide, and Australia was not exempt from its impa
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