
Economic growth at risk as the global oil shock and interest rate hikes hit the economy
Significant downside risks to economic growth and higher inflation – that is the combination of news unfolding in the Australian economy over the past month.
The volatility in sentiment and economic conditions as the result of developments in the Middle East war is making it difficult for policy makers, business, governments and householders to plan ahead with any degree of confidence. Add to this the interest rate hikes from the RBA in February and March, and the expectation of more to come, and the negativity surrounding sentiment is understandable.








