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
Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.