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Recession odds increase, as analysts forecast how downturn will look

Recession odds increase, as analysts forecast how downturn will look

Michael ReadEconomics correspondent

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It’s the one question Treasurer Jim Chalmers cannot avoid at press conferences: will Australia go into recession?

“Well, I think it’s important to remember that both the Treasury and the Reserve Bank, their forecasts for the economy are that it will continue to grow,” Chalmers said last week.

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Michael Read
Michael ReadEconomics correspondentMichael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com

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Original URL: https://www.afr.com/policy/economy/recession-odds-increase-as-analysts-forecast-how-downturn-will-look-20230701-p5dkzy