Business
Recession a 30 per cent risk, social disharmony already here says QIC
The chances of Australia heading into a double dip recession was about 30 per cent, according to QIC chief economist Matthew Peter.
Business
The chances of Australia heading into a double dip recession was about 30 per cent, according to QIC chief economist Matthew Peter.
News
The Reserve Bank of Australia has trimmed its economic growth forecast for this year, but is expecting a stronger result in 2022.
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ANZ has tipped even stronger economic growth, an increase in wages and full employment, but the downside will be an increase in interest rates earlier than expected.
While Australia’s economy is booming, Queensland appears to be falling behind after a wild end to 2020, but the figures don’t always tell the full story.
Treasurer Josh Frydenberg says the Australian economy has enjoyed its strongest performance in over 50 years since sinking into a recession last year, but warned against complacency.
The Australian economy is expected to enjoy strong growth throughout 2021 as it extends the recovery from the coronavirus recession.
