Thu 26 Sept 2024 | Paul Brennan
The economic outlook: global, national and local
In this economic update from the Chief Economist at Suncorp Group, Paul Brennan covers:
- History suggests a US soft landing will be hard to achieve, even with the Fed starting to ease this month.
- Markets are not priced for a recession, even a mild one would likely see a material correction in share prices and other risk assets.
- The Chinese economy is too weak to offset the effects of a US recession.
- Australia faces a challenging 18 months, even if it avoids a recession, as inflation is limiting the RBA’s degrees of freedom and China isn’t coming to the rescue