{
  "id": 17877423,
  "title": "Major banks ring the recession alarm",
  "url": "https://urgent.news/2026/11/03/major-banks-ring-the-recession-alarm",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T00:00:23.000Z",
  "source": {
    "name": "MacroBusiness",
    "slug": "macrobusiness",
    "url": "https://www.macrobusiness.com.au/2026/11/major-banks-ring-the-recession-alarm/"
  },
  "original_language": "en",
  "account": null,
  "summary": "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…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}