There could be a rocky road ahead for the economy
There could be a rocky road ahead for the economy
28 February 2023
Westpac's February Economic overview has been released -- with it suggesting the Reserve Bank's efforts to tighten monetary policy, will be felt this year.
Westpac's Acting Chief Economist Michael Gordon says higher interest rates will have a big impact over the coming months.
He says they expect the economy to fall into a moderate recession -- which will bring inflation down -- but till then, it will be a long wait.
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