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Experts warn that there is a 50% chance of an Australian recession, according to 9 News Australia.

With the risk of a recession rising, AFR economics editor John Kehoe said we are facing a “sharp downturn” as interest rate rises continue to place further strain on Australian households. Subscribe and 🔔: | Get more breaking news at 9News.com.au: 0:00 Economist John Kehoe on Australia's risk of recession 1:44 Queensland's housing crisis 2:38 Newschat guests open up on Queensland's housing budget 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 Australian economy has been sailing through turbulent waters in recent times, with uncertainties looming over its future. Economic expert