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Global recession looks likely. Even if Australia escapes it, we are in for a bad couple of years

  • Written by The Conversation
Global recession looks likely. Even if Australia escapes it, we are in for a bad couple of yearsShutterstock

Economics is confusing at the best of times. But, at the moment, it’s downright counter-intuitive.

Inflation is at its highest in decades, and we’re feeling the pain of the lower real wages that brings. Meanwhile, unemployment is its lowest in half a century, with virtually anyone who wants a job able to get one.

Interest...

Read more: Global recession looks likely. Even if Australia escapes it, we are in for a bad couple of years

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