RBA 'unneccesarily' tipping economy towards recession: Deloitte
Deloitte, one of the so-called Big Four global accounting firms, has branded this year's RBA interest rate hikes as unnecessary and said they risk driving Australia's economy into a recession.
Deloitte has revised down expectations for Australian economic growth. (Image source: Shutterstock.com)
The world’s largest professional services firm has launched a broadside at the Reserve Bank of Australia (RBA) over its past two interest rises and the likelihood it will impose more soon.
Deloitte slammed the decision to keep raising interest rates at a time when “Australia is facing the weakest rate of economic growth outside of the pandemic since the recession of the early 1990s”.
Releasing its March 2023 edition of the flagship Business Out…
