All sectors of the Australian economy are now in contraction, suggesting that the interest rates hikes are more than just doing their job.
And input price pressures are easing sharply, confirming that the peak inflation pressures are behind us.
This graphic actually tells a very interesting story about how the lockdowns resulted in a large spike in price pressures, which are now falling as the world economy reopens and returns to normal.
- Also read:Sydney’s Rental Market Trends and Forecasts
- Also read:Latest property price forecasts for 2025 revealed. What’s ahead in our housing markets in the next year or two?
- Also read:Melbourne property market forecast for 2025
- Also read:Sydney property market forecast for 2025
- Also read:Brisbane’s property market forecast for 2025
