New Zealand was among the first developed economies to start increasing interest rates, and it is yet to see inflation in its target zone. This is how the country compares to Australia.
There’s definitely sectors that are going backwards at the moment. But it’s more than offset by power companies raising your bill by 20% and your council raising rates by 70%, so all good mate!
I swear I saw a news notification saying we were in a recession. But it might be a) wrong or b) ridiculous headline.
Might have been something like this - https://amp.abc.net.au/article/102322380
There’s definitely sectors that are going backwards at the moment. But it’s more than offset by power companies raising your bill by 20% and your council raising rates by 70%, so all good mate!
Nahh, it was really recent, oh well.