Australia’s economy to shrink as interest rates bite, warns CBA boss | The Business | ABC News

ABC News (Australia) published this video item, entitled “Australia’s economy to shrink as interest rates bite, warns CBA boss | The Business | ABC News” – below is their description.

Commonwealth Bank chief Matt Comyn says he thinks the economy will contract this year, but will avoid a recession unlike the US, UK and Europe. CBA predicts house prices will fall 15 per cent from their peak.

ABC News (Australia) YouTube Channel

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About This Source - ABC News (Australia)

The video item below is from ABC News (Australia). ABC News is a public news service in Australia produced by the News and Current Affairs division of the Australian Broadcasting Corporation.

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Australia, officially known as the Commonwealth of Australia, is a sovereign country comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands. It is the largest country in Oceania and the world’s sixth-largest country by total area.

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