Q+A: Is Australia already sliding into an economic downturn?
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Q+A: Is Australia already sliding into an economic downturn?
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Australia’s economy slowed sharply in the March quarter, and the real weakness may only just be beginning.
Sean Aylmer speaks with Paul Bloxham, Chief Economist - Australia, New Zealand & Global Commodities at HSBC, about why rising interest rates, falling confidence, weakening house prices and the Middle East conflict could push Australia into a genuine downturn - and why the Reserve Bank may be unable to cut rates quickly even if the economy weakens sharply.
Find out more: https://fearandgreed.com.au/
See omnystudio.com/listener for privacy information.
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