It is more likely than not now that Australia is heading back into recession through the second half of the year.
This will look and feel very different to last year’s downturn. It will be less dramatic, though more protracted. Indeed, the downturn may well extend into next year.
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Grant Wilson is Executive Chair of Tivan Limited, a critical minerals company with major project status in the Northern Territory. He sits on the Advisory Board of Exante Data, Inc, a macro advisory and data analytics company based in New York. Connect with Grant on Twitter.