The good news is the Australian economy is about to turn up. Here's why

Australia ns say their finances have worsened than say they've got better, and twice as many think the economy is getting worse than think it is getting better.is failing to keep pace, except for older Australia ns who are actually spending more on essentials than they were, as well as more on luxuries.

By the time The Conversation's panel next assembled to examine the probability of a recession, in February, it had cut the likelihood toWhat's gone right is that inflation has proved easier to subdue than expected, and not only inflation in the price of goods, many of which are made overseas. Inflation in the price of services has been falling

Rising operational costs and customers spending less leaving Canberra businesses in a precarious position Those are the headline AMP and Westpac forecasts. But they hide what the AMP and Westpac expect to happen beneath the surface.in the month of May, by 0.2 per cent. Westpac expects no change, meaning a monthly inflation rate of zero.

On Monday The Conversation will publish the experts' forecasts for the financial year that's about to begin. It's a fair bet they'll be brighter than those for the financial year about to end.

Source: Financial Digest (financialdigest.net)

Interest Rates Inflation Australia Economy CPI AMP Forecast Stage 3 Tax Cuts Jim Chalmers Westpac Recession Peter Martin

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