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AUSTRALIA COULD BE HEADED FOR
A SERIOUS ECONOMIC DOWNTURN...
The RBA Governor says it is 'plausible' that Australians will see an interest rate hike 2022, as a result of the war in Ukraine and mounting inflationary pressures.
Add to this the fact that Australia's moratorium on foreclosures has recently come to an end„.
Then factor in the rising petrol & food
Plus, the supply chain issues that are impacting businesses and the stock market...
And the fact that Australian households are the second most indebted in the world„.
...It appears Australia is looking at a serious economic downturn in the not-too-distant future.
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