Sydney Morning Herald (July 6)
“Property prices could fall by more than initially feared as the Reserve Bank ratchets up official interest rates to fight surging inflation…. Property watchers were already forecasting price falls of between 15 and 20 per cent in Sydney and Melbourne.” It now looks increasingly likely the price declines will be even steeper.
Tags: 15–20%, Falls, Forecasting, Interest rates, Melbourne, Price, Property prices, Ratchets up, Reserve Bank, Steeper, Surging inflation, Sydney
Forbes (April 5)
“Deutsche Bank on Tuesday became the first major bank on Wall Street to forecast a recession next year, albeit a ‘moderate’ one, thanks to the combination of surging inflation and rising interest rates.” Expectations are increasing for “a possible economic downturn on the horizon, with alarms growing louder after the widely-observed yield curve inverted last week and indicated a looming recession.”
Tags: Deutsche Bank, Economic downturn, Expectations, Forecast, Interest rates, Looming, Recession, Surging inflation, Wall Street, Yield curve
