Are we already in a recession?
As the global energy crisis drags on, the Australian government has urged the nation to stay calm and carry on, with some extra financial relief coming our way. But the economic landscape remains worrying: inflation running hotter than desired, unemployment on the rise, and growth hard to come by. So, is Australia heading toward the dreaded 'R word' - "recession" - if this war continues? Or, could we be there already? Carrington Clarke and ABC Economics Reporter Tom Crowly break it all down on ABC Business Daily. Got a burning business question? Send a short voice recording to Carrington and the team at [email protected]
ABC Business Daily · Australian Broadcasting Corporation
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Show Notes
As the global energy crisis drags on, the Australian government has urged the nation to stay calm and carry on, with some extra financial relief coming our way.
But the economic landscape remains worrying: inflation running hotter than desired, unemployment on the rise, and growth hard to come by.
So, is Australia heading toward the dreaded 'R word' - "recession" - if this war continues? Or, could we be there already?
Carrington Clarke and ABC Economics Reporter Tom Crowly break it all down on ABC Business Daily.
Got a burning business question?
Send a short voice recording to Carrington and the team at [email protected]