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The New Daily
The New Daily
Politics
Peter Martin

Higher rates, falling home prices and real wages, but no recession: Economists’ forecast for 2023

Recession Home Prices Reserve Bank Inflation Economy

Australia’s Reserve Bank is set to push up rates once again at its first meeting for the year on Tuesday, according to all but two of the 29 leading economists surveyed by The Conversation at the start of 2023.

Those experts predict we will still be living with higher rates by the end of the year, although they should start to come down in 2024.

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