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SBS On the Money: Economy grows but is there still a recession risk?

On the Money - Recession (SBS-Getty).jpg

On the Money Source: Getty / Getty/SBS

Australia's economy expanded 0.9% in the June quarter as consumers continued to spend, although they are eating into their savings. SBS Finance Editor Ricardo Gonçalves speaks with NAB Chief Economist Alan Oster who warns there is a risk of a recession, if official interest rates rise to levels which the market is expecting, plus Adam Dawes from Shaw and Partners goes through the day's market action.


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By Ricardo Goncalves

Source: SBS News



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Australia's economy expanded 0.9% in the June quarter as consumers continued to spend, although they are eating into their savings. SBS Finance Editor Ricardo Gonçalves speaks with NAB Chief Economist Alan Oster who warns there is a risk of a recession, if official interest rates rise to levels which the market is expecting, plus Adam Dawes from Shaw and Partners goes through the day's market action.



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