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
$174.90 |
Change
2.030(1.17%) |
Mkt cap ! $292.6B | |||
| Open | High | Low | Value | Volume |
| $172.50 | $174.90 | $171.60 | $213.9M | 1.229M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 6798 | $174.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $174.93 | 1291 | 1 |
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| Last trade - 16.20pm 28/07/2025 (20 minute delay) ? |
| CBA (ASX) Chart |