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June 10, 2025
Home » Why the Australian Economy Keeps Growing Despite Recession Fears

Why the Australian Economy Keeps Growing Despite Recession Fears

<a href='https://zakiameer.com.au/why-the-australian-economy-keeps-growing-despite-recession-fears/'>Why the Australian Economy Keeps Growing Despite Recession Fears</a>

Despite constant media discussions about recession, inflation, and rising interest rates, the Australian economy continues to grow. Key factors driving this resilience include strong migration, with nearly 600,000 new arrivals over the past year and a half, and increasing demand for housing, rentals, and essential goods. Additionally, low unemployment rates have kept the job market stable, allowing people to continue spending and supporting economic growth. While interest rate hikes have impacted some, many homeowners remain financially secure through advance payments, savings, and liquidity access. These combined elements have positioned Australia’s economy stronger than expected, despite global uncertainties.

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