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

USDA awards $5.5 million in grants to conserve community forests
Where companies say they will cut budgets first in a softer economy
USF Student Invents Lumber Alternative Using Recycled Plastic
Housing market prices lag behind rising CPI and cooling inflation
Lumber futures are down 62% amid a ‘Great Reset’—here’s when DIYers can expect the best deals