Any mention of the ‘R’ word can trigger anxiety. But not all definitions of recession are the same, and not being in one doesn’t necessarily mean people aren’t feeling economic pain.
Articles on US recession
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We should be cautious about the risk of a recession in the US, but we aren’t guaranteed one. At any rate, Australia’s own fortunes are much more tied to the Chinese economy and commodity markets.
We should be sceptical of anyone claiming a recession is just around the corner.
Big interest rate hikes could cause more market turmoil, while doing too little could have the same effect.
Although many say the economic outlook for next year appears bleak, there is room for optimism.
Top contributors
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Senior Lecturer in Economics, University of Sydney
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Professor of Finance and Fred T. Tattersall Excellence in Finance Research Chair, West Virginia University
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Associate Professor of Finance, Mississippi State University
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Professor of Finance and Business Economics, University of Southern California
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Associate Professor in Economics, Queensland University of Technology