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AAP

Jacob Shteyman

Trump's tariff 'rollercoaster' raises recession risk

Michele Bullock Michelle Bullock Donald Trump RBA the Reserve Bank Dean Lewins Inflation United States

Michele Bullock says the RBA has been "completely blown out of the water" by the trade shock's scale (Dean Lewins/AAP PHOTOS)

Australians are being assured the nation is well-placed to avoid a recession as the Reserve Bank expresses alarm over Donald Trump's trade war "rollercoaster".

Forecasts released by the Reserve Bank of Australia have painted a bleak picture of the economic blowback from a scenario in which the world descends into all-out tariff wars.

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