Australian Recession 2025

Australian Recession 2025. The reserve bank of australia is engaged in a delicate balancing act, which economists warn could end in recession. Australia technically avoided a recession in 2023, though living standards went backwards for most of the population.

Many people talk about a recession meaning two quarters in a row of shrinking spending and income. The australian economy is forecast to grow solidly over the second half of 2022, before slowing next year as higher consumer prices, rising interest rates and declining housing prices weigh.