Paul Bloxham: HSBC Chief Economist on Australian economists warning risk to recession has increased
Australian economists see a higher risk of recession after soft Q1 GDP report.
RBA Governor Philip Lowe has talked about navigating a narrow path to lower inflation while keeping unemployment down for the past year- but his tone has changed.
The central bank surprised markets by raising rates and warned it could tighten again to reduce inflation, even at the cost of preserving jobs.
HSBC Chief Economist Paul Bloxham expects the Reserve Bank of Australia will probably deliver another hike and reduce growth forecasts.
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