Deloitte Access Economics partner Stephen Smith says it would take some further increases in the interest rate from the RBA to tip
Australia into a recession.“We’re expecting economic growth – quarterly economic growth through 2023 of sort of 0.3 – 0.4 per cent per quarter.”
Why are interest rates rising, because of inflation, why continuing inflation, because of the continued migration and influx of foreign capital. Every person pays for every migrant these days.
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