Timothy Sumer

Aggressive interest rate rises from the Reserve Bank of Australia (RBA) have taken its toll on New Zealand's economy, sending the country into recession, and sparking fears that Australia could soon face a similar situation. 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 Title: Recession in New Zealand Fueling Fears Australia Could Be Next Introduction: The economic fallout from the COVID-19 pandemic is wreaking havoc globally, and no country seems to be immune to its effects. As New Zealand falls into recession amidst the ongoing cr

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

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

Ahead of today’s latest unemployment figures, a warning has been issued to Aussie households that they may face a collapse in incomes due to high inflation and interest rates. Joining the Today studio is Treasurer Jim Chalmers to discuss just how real the threat of recession is for the Australian economy. Subscribe and 🔔: | Get more breaking news at 9News.com.au: 0:00 - Treasurer Jim Chalmers speaks on threat of recession 4:26 - Chris Kohler on impact of new unemployment figures 6:04 - Mortgage stress 9:17 - Ashley wick breaks down Treasurer's expectation on recession threat 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