Blogotariat

Homeowners will face mortgage rates near 5.5% in a little over a year, according to a survey of 22 leading Australian economists.

The Conversation’s 2022-23 forecasting survey predicts an increase in the Reserve Bank’s cash rate from its present 0.85% to a peak of 3.1% by next August.

A recession in the US usually brings on a recession in the rest of the world, although not always in Australia.

Australia has escaped such a recession twice in the past 50 years.

We avoided the early-2000s so-called tech-wreck recession, and we avoided the so-called “great recession” during the global financial crisis.

Amid ominous talk about yet another US-led global recession, there’s a chance we could escape for a third time.

You may find this hard to believe, but the 2016 federal election campaign was a full fortnight longer than this one. I remember journalists from the campaign bus complaining afterwards that Malcolm Turnbull was moribund and lazy, booking a single daily event.