Commonwealth Bank of Australia puts odds of Australian recession in 2023 at 50%
Commonwealth Bank of Australia news: Commonwealth Bank of Australia, the countrys biggest lender, on Friday put the odds of a recession in Australia this year at 50%, as the impact from the hefty monetary tightening continues to squeeze households.
Commonwealth Bank of Australia news: Commonwealth Bank of Australia, the country's biggest lender, on Friday put the odds of a recession in Australia this year at 50 per cent, as the impact from the hefty monetary tightening continues to squeeze households.
Gareth Aird, head of Australian economics, forecasts economic growth to be 0.7 per cent in the fourth quarter this year, and the unemployment rate to increase to 4.7 per cent in mid-2024.
Catch latest minute-by-minute stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.