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AAP
AAP
Business
Marion Rae

Post-pandemic bounce temporary as rate rises threaten

Pandemic Australia Stephen Smith Recession
Public investment is expected to shrink this year and detract from overall economic growth. (James Worsfold/AAP PHOTOS) (AAP)

The investment outlook has darkened as further rate rises threaten to tip Australia into an unnecessary recession, according to a leading forecaster.

A weaker outlook for Australia and the global economy has prompted Deloitte Access Economics to revise down its forecast for business investment in 2023.

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