One of the nation's biggest consultancy firms has painted a bleak picture for the year ahead, saying Australians are at the mercy of the central bank, while warning of a possible recession.
Deloitte Access Economics says economic growth will slow dramatically in 2023 as the consumer-led recovery runs out of steam.
Falling house prices, rising interest rates, high inflation, low levels of consumer confidence and negative real wage growth are expected to create a perfect storm of economic challenges.
