IMO, our imminent interest hike from here going forward will...

  1. 17,727 Posts.
    lightbulb Created with Sketch. 769
    IMO, our imminent interest hike from here going forward will
    induce a protracted recession because apart from global
    inflation hitting us severely due to our dependance on imports,
    the fate of the AUD is likely downward which will compound
    that.

    We are following the USA & the World in inflation since 2017 and
    IMO that will reverse over the next 3 years; that is we'll top 10%
    while the USA & the World will settle back under 5%

    NB: Inflation figures are generally much higher since the start of the Ukraine War in Feb 22



    https://hotcopper.com.au/data/attachments/4569/4569417-3650db6aacb9b9a8fcf6b74c0148150d.jpg

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.