Three red flags indicate the global economy is in even worse shape than expected, leaving Australia well and truly exposed. Source
Economy
Central banks worldwide are grappling with the challenge of curbing inflation, but there’s one nation that is facing a particularly severe crisis in what is now being dubbed the post-Covid economy. Source
Experts are growing increasingly frantic amid fears America could default for the first time ever – which would send major shockwaves across the globe. Source
As America lurches towards an unprecedented default, attention is turning to the “economic calamity” it would trigger across the globe. Source
The US is now just three weeks away from an economic disaster that would spark chaos across the world. Source
A UK economist has delivered a dire warning to the rest of the world amid new “compelling” data which suggests a recession is on the cards within a matter of months. Source
Experts have revealed one glaring sign that a global recession is fast approaching, with a “big question mark” now hanging over us all. Source
More pain for mortgage holders could be on the way after the Reserve Bank of Australia indicated the possibility of further interest rate rises. Source
Yet another expert has issued a grim recession warning, predicting a downturn was “pretty likely” with far more financial turmoil ahead. Source
Australia could still avoid a recession despite fresh forecasts providing a grim backdrop for the upcoming budget, the Treasurer says. Source
The world is hurtling towards a recession, with the risks skyrocketing for richer nations – including Australia. Source
Treasurer Jim Chalmers is heading to the US for a series of meetings with global financial leaders which he says will be crucial to shaping the government’s May 9 budget. Source
Relief for rising power bills will be a key feature of the upcoming budget but the Treasurer has downplayed expectations further handouts are on the table for struggling Australians. Source
Dire economic data out of the US has renewed fears that a recession is now almost unavoidable in the near future. Source
New employment data has revealed which Aussie states are rebounding fastest jobs-wise from the Covid-19 pandemic. Source
Mortgage holders will soon be forking out record-high repayments as the Reserve Bank of Australia warns a pause on interest rates doesn’t mean further hikes are off the table. Source
A Wall Street insider has shared a dire warning about the state of the US economy, predicting that the nation will be plunged into recession by year’s end. Source
The price of bitcoin has taken a hit after a US regulator, the Commodity Futures Trading Commission (CFTC), sued Canadian businessman Changpeng ‘CZ’ Zhao and the company he co-founded, Binance. Source