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Major banks ring the recession alarm

Major banks CBA, NAB and HSBC have downgraded their outlooks for the Australian economy amid rising interest rates and inflation, along with falling housing prices and turnover. CBA forecasts another per capita recession: Belinda Allen, head of Australian economics at CBA, has slashed the bank’s GDP growth forecast to just 1.0% in 2027, down from The post Major banks ring the recession alarm…

We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.

Read the original at macrobusiness.com.au →

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