Australia risks recession and housing downturn after third rate hike


  The negative impact of interest rate rises on Australian housing prices, household spending and the volume of dwelling investments may hurt consumer confidence and fuel the likelihood of a recession in Australia, analysts and economists say. The Reserve Bank of Australia raised interest rates for the third time in a row on Tuesday. Joining…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

Limited Time 15% Promo!
Plywood production in Russia falls by quarter in first four months of 2023
Conifex announces Mackenzie Lumber Production will take unscheduled downtime
Housing Market Tracker: Mortgage rates over 7%
Wall Street rallies after strong jobs report
Stock futures rise after GOP and White House reach tentative U.S. debt ceiling deal: Live updates