Australia slides into a “per capita recession”
Australia slides into a “per capita recession” Key points Australian growth slowed even more in the December quarter. Growth may bounce back a bit this year, but the housing downturn will likely constrain it to around 2- 2.5%. As a result, unemployment is likely to drift up and wages growth and inflation remain lower for longer. The RBA is on track to cut rates this year and the housing downturn will likely see …