AMP Chief Economist Shane Oliver says a sharp slowing in economic growth will cause a “very high” risk of Australia entering a recession by early 2024. “The risks are becoming increasingly skewed and every interest rate hike by the RBA increases that risk,” Mr Oliver told Sky News Australia.... ( read more )
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The risk of Australia entering a recession by next year is ‘very high' As the world grapples with the economic fallout of the ongoing global pandemic, many countries are experiencing severe economic downturns. Australia, known for its robust economy, is not immune to these risks. In fact, experts are warning that the risk of Australia entering a recession by next year is 'very high,' raising concerns about the nation's economic future. The Covid-19 pandemic has inflicted immense damage on A
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