Fears Australia Is Heading To A Recession

The economy is stalling as households cut non-essential spending. With the RBA set for more rate rises, there are fears Australia is heading to a recession.

#Recession #RBA #AustraliaEconomy

[Bobafea]

It's not Lowe's responsibility nor decision on how much people borrow or decide to pay for real estate, nor whether they live within their means or not. It's a shame to see mainstream media leading the blame against government when the going gets tough.
No-one had a problem with interest rates being brought down to historic lows and our dollar value was eroded.
At a below average cash rate of 4.1%, the Australian economy is now showing itself to be the two-trick-pony that it really is. Houses and holes.

[noelhausler]

In my neighborhood it is happening. The Paint store in Beenleigh had a drop of 20% in turnover. A business sanding floors has dropped.

[jeremiahjensen]

This dude acting like people under 40 have never had to sacrifice or go without, what planet is he on?

[Aileron]

Just like ireland, just like USA, when the cost of housiong gets too far ahead of wages, it 100 percent ends up in a recession, this is ltierally so obvious and old news, but all the boomers and landlords now see its effecting them so now theyre crying.

[rabidsminions]

BCA council members have made record profits by jacking up prices which has caused inflation to 7%. Now they will suffer a recession that was partly their making. Wage rises are also a result of inflation. The real fear is that businesses continue to jack up prices beyond what is required. Its up to you BCA you eant a deep recession keep raising prices which will raise interest rates, and that will reduce peoples budgets. Your move BCA members.

[traceyholt]

So WELL DONE RBA - increased interest rates haven't done anything to stop inflation but have reduced spending and placed us in a recession. GREAT JOB!

[ashleypicot]

Per capita recession is a sure bet with the houses, holes and mass immigration economy

[adiintel]

Knowing Australia I'm sure they will drop rates buy bonds and go back to QE again to keep all asset prices from crashing.

[downtoearth]

I am hopeful that this debt filled economy hits a big pothole. It is destroying a generation and has to happen, buisness and Banks are in a feeding frenzy

[andrewditton]

Hooray.
We already cosplayed as late 1930's germany.
Now we get to cosplay as early 1930's germany.

[anyanwuChinaecherem]

I will forever be indebted to you you've changed my whole life continue to preach about your name for the world to hear you've saved me from a huge financial debt with just little investment, thanks so much Jessica Garner

[ayzlgs]

it is recession! not heading to I guess.

[makersmark]

Why not just find what your local CEO's or favorite idols are doing.. ..see if they've plans to leave or have already left and moved investments..🤫

[lovechineseforever]

NO CHINESE MONEY TO HELP YOU THIS TIME