Recession off the cards but Australia faces dreary outlook, economists say - short news
De-escalation of war in the Middle East has lowered oil prices and eased fears of economic downturn but households are still feeling the pinch
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Fears of a recession have fallen away, with economists saying that Australia is set to safely navigate the biggest global oil supply shock in history even as they warn of sub-standard growth in the year ahead.
The de-escalation of the Middle East conflict has been..
source: The Guardian - 07.07.2026