INSIGHTS: Australian Consumer Recession Warning
Insights
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Posted 10/04/2024
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Australian households are increasingly pessimistic, impacting consumer spending and leading to a rise in retail insolvencies. With inflation expectations at their highest in 2024, consumer confidence is at its lowest since the 1990s recession. Persistent inflation is making interest rate relief unlikely, and JPMorgan CEO Jamie Dimon warns of potential 8% interest rates and economic challenges ahead.
Read the full news post here.