Two rate hikes, falling house prices tipped as inflation shock builds
Inflation from the oil shock is about to collide with an Australian economy that can keep growing strongly for the next six months.
As the war in Iran rages well into a fourth week, Barrenjoey’s economics team, led by chief economist Jo Masters and head of economic forecasts Johnathan McMenamin, should be mentioned in dispatches for bravery.
Trying to forecast where the Australian economy might go when the situation in Iran changes every two hours is not easy, and, frankly, there’s a high probability they’ll be wrong.
