The risk of Australia entering a recession by next year is ‘very high’

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The risk of Australia entering a recession by next year is ‘very high’
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AMP Chief Economist Shane Oliver says a sharp slowing in economic growth will cause a “very high” risk of Australia entering a recession by early 2024.

AMP Chief Economist Shane Oliver says a sharp slowing in economic growth will cause a “very high” risk of Australia entering a recession by early 2024. “The risks are becoming increasingly skewed and every interest rate hike by the RBA increases that risk,” Mr Oliver told Sky News Australia.

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