Get all your news in one place.
100's of premium titles.
One app.
Start reading
ABC News
ABC News
Business
business reporters Kate Ainsworth and Emilia Terzon

Interest rate rises have Australians ready to slash spending, and businesses are bracing for the cuts

Amoon Dennaoui has noticed a shift in what her customers are purchasing. (ABC News: Danielle Bonica)

Australia's economy is still holding up on the back of household spending, but there are warning signs that a severe downturn may be nigh, with business confidence falling and consumer confidence at sustained lows not seen since the 1990s recession.

Melbourne butcher Madina Halal Meats has already seen a shift in behaviour.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.