Australia’s Recession Probability Eases to 35% Amid Policy Pause
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Australia’s chances of sliding into a recession have declined, according to a Bloomberg survey, as the Reserve Bank’s decision to pause an 11-month tightening cycle helps improve the economic outlook.
The median estimate for a slump is 35%, down from 40% last month, the poll of 17 economists released Wednesday showed. Among respondents, AMP Capital Markets and Commonwealth Bank of Australia predicted a 35% chance.