Episode Details
Back to Episodes
Energy crisis threatens global recession as confidence plunges
Published 1 week, 1 day ago
Description
The International Monetary Fund warns the ongoing US-Iran war risks creating an unprecedented energy crisis that could trigger a global recession. Australian business confidence has plunged to its lowest level since April 2020, falling 29 points since February, while consumer confidence has dropped 12 per cent to levels last seen during the pandemic. Economist Shane Oliver from AMP discusses the risks of fuel shortages, inflation concerns, and advises the government to provide targeted household support rather than broad spending measures in the upcoming federal budget.
See omnystudio.com/listener for privacy information.