Australia Grinds to Halt in Three Weeks

Source: macrobusiness.com.au

Australia's economy is buckling under sticky inflation, fresh RBA rate hikes, and a Middle East war that's jacking up oil prices and petrol costs. Households face brutal mortgage squeezes and cost-of-living hell, while markets bet on even higher rates. This mess explains why consumer confidence is tanking and recession whispers are growing louder.