Economic Outlook 2023 – Inflation, Interest Rates, Growth and Property

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As the dust settles from our post-Australia Day celebrations, we ease into the New Year refreshed and invigorated with our resolutions and plans in motion. We begin to reflect on and update our personal and financial goals for the year and ponder the new year challenges for all of us.

The New Year brings a significant concern for businesses, mortgage holders and consumers. It brings much speculation and uncertainty regarding whether further interest increases will work to stabilise inflation or ultimately tip the Australian economy into a recession.

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