CBA cuts GDP forecast to 1% citing oil and housing shocks
1 Nov 2 · 11d ago · 2 articles · 2 posts · 3 sources · development 1 of 1
CBA's Belinda Allen said the extended Middle East conflict, collapsing house prices and a more aggressive RBA would push real GDP growth down to just 1% by mid-2027, nearly half the bank's previous 1.8% estimate.
“Most people thought we would see a resolution to the Middle East conflict by now and oil [prices] looking more normal. Alas, that has not been the case.”
Belinda AllenBelinda Allen Head of Australian economics, CBAGareth Spence Head of Australian economics, NABShane Oliver Chief economist, AMP
Jim Chalmers Australian TreasurerReserve Bank of Australia (RBA) Central bank
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first by Guardian, 11d ago · also The Guardian
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https://www. europesays.com/3347504/ ‘Sharper, longer slowdown’ predicted for economy as fifth interest rate hike looms | Interest rates # Economy
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