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Westpac CEO Warns of Potential Recession in Australia

Primul articol: 3 apr. 2026, 07:05 | Ultima actualizare: 3 apr. 2026, 07:05 | 1 sursa | 1 articol

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Westpac CEO Anthony Miller has cautioned about the possibility of a recession in Australia. This warning is attributed to the increasing interest rates implemented to combat inflation, which could stifle economic growth. The statement highlights growing anxieties about the Australian economy's resilience in the face of global economic headwinds.

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'There's a chance of a recession,' warns Westpac boss Foto: ABC Australia
ABC Australia English 3 apr. 2026, 07:05 (acum 3 ore)

'There's a chance of a recession,' warns Westpac boss

Westpac's chief executive, Anthony Miller, says Australians need to acknowledge there is a growing risk the country could slip into recession, amid the Iran war-driven fuel crisis and rising interest rates.

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