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Danger Signs: The Aussie Economy Is Slowing QUICKLY!
Manage episode 389652477 series 3423409
Australian economy is beginning to slow quickly. The latest economic scorecard doesn’t officially put us in a recession, we are dangerously close to it. If you stripped population growth out, we have already hit that dreaded R word. We are also becoming less productive. Our savings rate has plummeted. Our household spending has nosedived. Overall – the data is clear, higher interest rates are working, and as result, we are all moving backwards.
We go through the latest economic scorecard, discuss latest employment data & what it means for interest rates in 2024.
Reach out to us at www.australianpropertytalk.com.au
76 ตอน
Manage episode 389652477 series 3423409
Australian economy is beginning to slow quickly. The latest economic scorecard doesn’t officially put us in a recession, we are dangerously close to it. If you stripped population growth out, we have already hit that dreaded R word. We are also becoming less productive. Our savings rate has plummeted. Our household spending has nosedived. Overall – the data is clear, higher interest rates are working, and as result, we are all moving backwards.
We go through the latest economic scorecard, discuss latest employment data & what it means for interest rates in 2024.
Reach out to us at www.australianpropertytalk.com.au
76 ตอน
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