SYDNEY, June 9 (Reuters) - Commonwealth Bank of Australia, the country's biggest lender, on Friday put the odds of a recession in Australia this year at 50%, as the impact from the hefty monetary tightening continues to squeeze households.
Gareth Aird, head of Australian economics, forecasts economic growth to be 0.7% in the fourth quarter this year, and unemployment rate to increase to 4.7% in mid-2024.
News: CBA Commonwealth Bank of Australia puts odds of Australian recession in 2023 at 50%
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Last
$170.33 |
Change
0.030(0.02%) |
Mkt cap ! $284.7B | |||
| Open | High | Low | Value | Volume |
| $170.30 | $171.76 | $169.63 | $36.43M | 213.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 48 | $170.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $170.35 | 16 | 1 |
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| Last trade - 10.58am 26/08/2025 (20 minute delay) ? |
| CBA (ASX) Chart |