Recession strikes fear into many and pain isn't evenly shared
2 sources·Updated October 6, 2026
Covered by 2 sources
- Guardian Australia·5h agoAustralian consumer confidence plunges to worst level since 1990s after RBA rate rise
Key indicator dropped about 20% after the Reserve Bank last month announced the highest interest rates since 2011 Get our breaking news email, free app or daily news podcast Australian households are the most persistently pessimistic they have been since the early-1990s…
Read at Guardian Australia → - ABC Business AU·17h agoRecession strikes fear into many and pain isn't evenly shared
Pandemic aside, Australia hasn't experienced a recession caused by rising interest rates since the early 1990s. Now, in the current rate-hiking cycle, RBA governor Michele Bullock concedes the risk of recession remains a possibility.
Read at ABC Business AU →