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The Australian economy has been a major discussion point over the last four years following impacts of the pandemic. While the Federal government and Reserve Bank of Australia have claimed the country is not in recession, Australia’s broader public has been left questioning… Is Australia in a state of recession? and how is Australia’s economic …
Australia’s GDP growth has reached a record breaking low of 1%, the lowest growth since 1991-92 according to the Australian Bureau of Statistics. Treasurer Jim Chalmers claimed this slow down is because global economic uncertainty, inflation and interest rates of the reserve bank with fears of a recession. The Treasurer has recently taken aim at …
Designer Projects Victoria is the latest construction in what is an ongoing series of company liquidations across Australia. This has raised questions over the construction sector and how it could negatively impact the economy. Abhranil Hazra speaks with Professor Peter Swan who teaches Finance in UNSW Business School to find out why so many companies …
Construction sector collapse brings economic uncertainty Read More »
Some economists have been looking at the conditions that signal a recession could be looming. The much anticipated Reserve bank decision on Interest rates settled on a pause yesterday leaving rates at 4.1%. This put the spotlight on the economy and the better than expected inflation figures a few weeks ago. The question is whether …
It’s not news the cost of living in Australia is affecting everyone with rising inflation and interest rates and a slow economic growth. But now some experts are warning Australia is heading towards a recession. Is this something we need to worry about? Story produced by RTRFM Produced By: Jeff Bullen Featured In Story: Dr …