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%
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$170.30 |
Change
-2.540(1.47%) |
Mkt cap ! $284.9B | |||
| Open | High | Low | Value | Volume |
| $173.95 | $174.10 | $169.30 | $361.6M | 2.117M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3 | $170.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $170.30 | 102 | 1 |
View Market Depth
| Last trade - 16.17pm 25/08/2025 (20 minute delay) ? |
| CBA (ASX) Chart |