Timothy Sumer

Katy Gallagher is the Minister for Finance, and she speaks with 7.30’s Sarah Ferguson about the government’s preparedness for a possible recession. Subscribe: ABC News In-depth takes you deeper on the big stories, with long-form journalism from Four Corners, Foreign Correspondent, Australian Story, Planet America and more, and explainers from ABC News Video Lab. Watch more ABC News content ad-free on ABC iview: For more from ABC News, click here: Get breaking news and livestreams from our ABC News channel: Like ABC News on Facebook: Follow ABC News on Instagram: Follow ABC News on Twitter: Note: In most cases, our captions are auto-generated. #ABCNewsIndepth #ABCNewsAustralia... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing Is the government prepared for a possible recession? This is a question that has been on the minds of many

Rising interest rates and unemployment won't be far from the minds of those who lived through Australia's last major recession in the 1990s. But in 2023, with a debt-laden nation paying off homes many bought at record high prices, rising rates mean a new type of misery. Australia's housing market has completely changed the nature of our economy. And as Alan Kohler reports, many of the old economic rules may no longer apply. Subscribe: ABC News In-depth takes you deeper on the big stories, with long-form journalism from Four Corners, Foreign Correspondent, Australian Story, Planet America and more, and explainers from ABC News Video Lab. Watch more ABC News content ad-free on ABC iview: For more from ABC News, click here: Get breaking news and livestreams from our ABC News channel: Like ABC News on Facebook: Follow ABC News on Instagram: Follow ABC News on Twitter: Note: In most cases, our captions are auto-generated. #ABCNewsIndepth #ABCNewsAustrali

The risk of Australia falling into recession is growing, as the outlook for the global economy deteriorates. We explore what will happen to businesses, jobs, house prices and shares in 2023. Subscribe: Read more here: 00:00 Introduction 1:30 - 2:03 The risks of recession in 2023 2:04 - 3:21 Where to put your money 3:22 - 4:30 What about resources? 4:31 - 5:12 Blue chip stocks 5:13 - 5:58 Impact of a US recession on the share market 6:00 - 10:08 The economic impact of Russia's invasion of Ukraine 10:09 - 10:52 Will the US fall into recession? 10:53 - 11:44 How likely is a recession in Australia? 11:45 - 12:22 Could we talk ourselves into a recession? 12:23 - 13:01 What will 2023 feel like? 13:02 - 14:01 House price predictions 14:02 - 14:38 How will households cope with higher interest rates? ABC News In-depth takes you deeper on the big stories, with long-form journalism from Four Corners, Foreign Correspondent, Australian Story, Planet America and mor

Australia has recorded its largest fall in productivity on record with concern rising wages could push prices up further, leading to a potential recession. Subscribe and 🔔: | Get more breaking news at 9News.com.au: FOLLOW 9News Australia ► Facebook: ► Twitter: ► Instagram: Join 9News for the latest in news and events that affect you in your local city, as well as news from across Australia and the world. #9News #BreakingNews #NineNewsAustralia #9NewsAUS... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing Recession fears have heightened in Australia as the country witnesses its largest productivity drop in history. The latest data released by the Australian Bureau of Statistics (ABS) has raised concerns about the state of the economy, which is reeling under the pressure of the ongoing COVID-19 pandemic. According to a report by 9 News Aus

It's going to be a rocky road but Australia will avoid a recession this year according to the global financial agency, the IMF. The economic report card comes amid renewed hope that the lucrative Chinese market could reopen to our producers. Subscribe and 🔔: | Get more breaking news at 9News.com.au: FOLLOW 9News Australia ► Facebook: ► Twitter: ► Instagram: Join 9News for the latest in news and events that affect you in your local city, as well as news from across Australia and the world. #9News #BreakingNews #NineNewsAustralia #9NewsAUS... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing The International Monetary Fund (IMF) has predicted that Australia will manage to avoid a recession this year, despite the challenges posed by the ongoing COVID-19 pandemic. This is great news for the country, as a recession would have significant imp

Subscribe to 7NEWS Australia for the latest breaking news video » Connect with 7NEWS online: Visit » 7NEWS Podcast » Facebook » Twitter » Instagram » 7NEWS combines the trusted and powerful news brands including Sunrise, The Morning Show, The Latest, and 7NEWS.com.au, delivering unique, engaging and continuous coverage on the issues that matter most to Australians. Watch 7NEWS nightly at 6pm and weekdays at 11:30am and 4pm on Channel 7 and 7plus. #7NEWS #BREAKINGNEWS... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing The Reserve Bank of Australia (RBA) is Australia's central bank, responsible for setting the country's interest rates, managing the money supply, and ensuring economic stability. In recent months, the RBA has been hiking interest rates, with the latest increase taking place in November 2021. However, many experts are

Some economists are warning we're heading for an unnecessary recession. Economists at the consultancy firm Deloitte are warning of a potential recession should the Reserve Bank keep hiking interest rates. Australian consumers surprised everyone with their continued appetite to spend all through last year despite the official cash rate jumping from 0.1 percent to 3.1 percent and inflation rocketing to its highest level since the early 1990s. Retail spending held up remarkably well. But the economists at Deloitte believe consumers are about to run out of steam, saying there are already signs that households are feeling the pinch from falling house prices, higher mortgage repayments and expenses like rent, petrol and groceries getting ever more expensive. Something which economists are watching closely is how well households cope with fixed rate mortgages expiring this year. Several hundred thousand fixed rate mortgages will roll off - meaning borrowers will need to t

Fears of a global recession are escalating after a fresh warning from the International Monetary Fund. While Australia won't be completely spared, the nation is expected to avoid the worst of the downturn. Subscribe and 🔔: | Get more breaking news at 9News.com.au: ► 9News Lunch Podcast | Listen Weekdays at 12.30pm AEST: FOLLOW 9News Australia ► Facebook: ► Twitter: ► Instagram: Join 9News for the latest in news and events that affect you in your local city, as well as news from across Australia and the world. #9News #BreakingNews #NineNewsAustralia #9NewsAUS... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing The International Monetary Fund (IMF) recently issued a grim warning that has sparked fresh fears of a global recession in 2023. According to the IMF, the world economy is expected to slow down significantly in the years to come