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More evidence the ‘economy is teetering’ on recession as higher interest rates come in
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Sky News Business Editor Ross Greenwood says this week there is more evidence that the “global economy is teetering on the brink of recession” as central banks try to head off inflation with higher interest rates.
“Now it's a matter of judgement about which is worse - a recession or long-term inflation,” Mr Greenwood said.
“As in America, in Australia, there are signs that inflation is more than a passing trend. It's coming as companies raise prices to not only offset their costs but to profit from cash-rich consumers.”
“Now it's a matter of judgement about which is worse - a recession or long-term inflation,” Mr Greenwood said.
“As in America, in Australia, there are signs that inflation is more than a passing trend. It's coming as companies raise prices to not only offset their costs but to profit from cash-rich consumers.”
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