Article 6QJ6N Despite all the doom and gloom on Australia’s economy, could the worst be behind us?

Despite all the doom and gloom on Australia’s economy, could the worst be behind us?

by
Peter Hannam
from World news | The Guardian on (#6QJ6N)

We hear about the weakest growth in decades' and being smashed' by the RBA, but positive tidings abound - if you want to look for them

In a week dominated by headlines declaring the weakest growth in decades" (excluding Covid) with an economy being smashed" by the Reserve Bank, it might seem Australia teeters on the edge on an abyss.

For some households and businesses, the challenge of paying stratospheric housing costs amid 13-year-high interest rates will alas be overwhelming.

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