Economy‘Sharper, longer slowdown’ predicted as Australia faces fifth rate hike
Major bank economists warn Australia is headed for a “sharper, longer slowdown” as the Reserve Bank is widely expected to raise rates for a fifth time on Tuesday. Higher oil prices amid the Middle East conflict, falling house prices and rising unemployment risks are worsening concerns about recession.
TThe Guardian★★★☆☆2026-11-02 06:57Original
‘Sharper, longer slowdown’ predicted as Australia faces fifth rate hike
Economy