Australian recession
Analysis
Analysis
What recession looks like for young Australians
In the year following the 2020 recession, young people represented 55 per cent of job losses nationwide, despite only making up 14 per cent of population.
- by Millie Muroi
Latest
Opinion
Opinion
Flirting with recession: Will Australia follow New Zealand?
Westpac’s head economist says we are already in a consumer recession – its spread to the broader economy depends on whether business investment continues to hold up or falls in a hole.
- by Elizabeth Knight
Analysis
Investing
High rates, possible recession: Market watchers predict tough 12 months
The country’s most experienced economists and fund managers believe it could be a bumpy ride for investors.
- by John Collett
Recession ‘most likely’ and inflation to rebound: AustralianSuper
The chief investment officer of Australia’s biggest super fund says the Reserve Bank will tame inflation in the short term but will “most likely” plunge the country into recession.
- by Millie Muroi
‘Pretty brutal’: Chalmers promises relief in budget after shock rate rise
The head of Deloitte Access Economics, Pradeep Philip, warns the Reserve Bank is pushing the country to the brink of recession.
- by Rachel Clun and Shane Wright
Exclusive
RBA
Australia tipped to avoid recession this year, but it will still feel like one for many
Top economists say the RBA and its fight to bring down inflation will be the key influence on the strength of the economy through 2023 and into next year.
- by Shane Wright and Rachel Clun
Exclusive
Electricity
Price caps to exceed expectations on curbing power bill rises: Chalmers
The federal treasurer said new analysis by his department showed the government’s intervention was “already starting to work” by causing a fall in power price rises.
- by Anthony Galloway
Opinion
Australian economy
The top 7 economic buzzwords you’ll need to know in 2023
From “quantitative tightening” to “neutral interest rates” and “wage price spiral”, here is a rundown of key economic terms you’ll need to know ahead of the 2023 economic maelstrom.
- by Jessica Irvine
‘Champagne shortage is real’: Popular bubbly brands harder to find this Christmas
Drinks retailers are struggling to keep Moet and Veuve Clicquot on shelves and experts are urging Australians to diversify their palates.
- by Jessica Yun
Updated
Interest rates
Interest rates lifted to nine-year high to tackle ‘the evil of inflation’
RBA governor Philip Lowe acknowledged that rates had risen “materially” since May but said the board expected to increase them further over the period ahead.
- by Rachel Clun and Shane Wright
Opinion
Interest rates
Memo RBA board: Time to stop digging in deeper on interest rates
If the advanced economies’ central banks push the world into recession, the biggest risk isn’t that they’ll drag us down too, but that Australia’s Reserve Bank will raise interest rates too far.
- by Ross Gittins