Our country has just received this year's first economics report card and the news is not good. The last time the Australian economy was this slow - outside of the pandemic - was the very early 1990s, when then treasurer Paul Keating famously announced that Australia had entered a recession.
Are we now teetering on the edge of another one? Many news reports suggest as much. And just last week, treasurer Jim Chalmers acknowledged that many Australians are suffering through "uncertain times”.
Today, senior economics correspondent Shane Wright on what’s causing our economy to grind to a near halt. And whether this might soon lead to another interest rate hike.
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