Will rising interest rates around the world tip the global economy into recession? | 7.30

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The global economy is on a knife’s edge. Talk of recession is everywhere. But will raising interest rates – the traditional medicine for fighting inflation – instead harm the global economy we all share? This special report from ABC business editor Ian Verrender.

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JLM says:

Yes. Buckle down on debt. Sell your house if you can’t afford $500 extra a month payments at renewal time. “You will own nothing and be happy” Klaus Schwab.

c10 says:

Why would I care after being stood down on leave without pay for 18 months due to covid border closures crippling my industry, this is a welcome change from zero income bring on 10% interest rates!

nn d says:

On July 9th governmentbwill do bomb blast in the name of ltte or other New terrorist group
As now we understand who rajapksges are will do any massecre for power and robbing country now joined with ranil wikremasinghe regime
They will plan big massecreveven to control people rising against them
They definitely will plan blasts this time and bring terrorism back
Like they did in Easter attacks finally no
One They could bring accused and punished in front of law after so many commissions wasted time wasted public money.
It's all parlimentarians rajapkshes maithreepala ranil regime planned together

These clans regimes stay in power sincev when we were small
Still in power for decades

So law is as per rajapksges conscent
Forces poluce as per their conscent
Masscres blasts murders robbing
Illegal activities killing as per their conscent
People haven't due
They will save their power people will lose their lives ..
They will genociding srilankans
Using names of terrorists jvp , to get rid of international laws ..theyvwill bringbemergency law as killers of Tamil are in power Kamal gunarathne shavendra most perfect killers with ranil regimevand rajapkshe clan .
Violence second part on 9th July violating human rights by rajapkshe clan andvranil maithreepala regimes will be on stage on 9th July.
We will see government madevnew terrorist groups or ltte cares bring back on stage on 9th July.
International community
Srilankan diaspora
International human rights
Pl bevaware of rajapkshes army ranil maithreepala regime masscres andvterrorism drama like Easter attacks
On 9th July
More innocent civilians will kill byvrajapksge xlan and ranil maithrepala regime corrupted hotler joint government if bankrupted srilanka.

Anura kumara will be sued sajith will be used who stands with people
Beware .
Whole sri Lankan
Judiciary system us corrupted and in laps oif rajapksges ranil maithreepalav egime

Jason says:

Rising Interest rate should be managed carefully , not drastically rise interest rate afterall there must be a balance between livelihood and managing rising inflation. Rise interest rate is human made/manipulated therefore no reason to rise it too fast

Jays22b says:

most people don't even know who the RBA member's are. lol, there's a real question, guy in purple glasses is silly smart ass. Tell the truth. Repo swaps went silly again!!!!!

Adam Wolf says:

Bounce back??… really….. in your dream…..

Glen Bolderson says:


Stephanie Nguyen says:

Recession: will hit Australia, London, Europe (Netherland, Switzerland, Denmark, etc), Canada, USA and Asian. Even Asian home prices still cheaper than Canada or Australia or London.

AA AA says:

Cant they get an honest person to say what is goung on

AA AA says:

Wait until next year when petrol shortages start happeninh and people cant work

AA AA says:

This is what happens when the government gets foreign investors to invest pushing house prices to the sky

María Cristina Fernández says:

The philosophy of the rich and the poor is the rich invest their money and spend what's left while the poor spend their money and invest what's left

kingdomfor1 says:

As I keep saying , in who's pockets is all the extra money I pay for goods going. I went shopping at a major supermarket recently, the price of a simple sponge roll was $8.99, before the pandemic they were $4, that's a 100% increase. This is not inflation, this is price gouging by multinationals.

Samuel Jackson says:

'I have looked at millions of surveys' just the sort of precision we have come to expect from Economics Professors.

ThunderBird says:

I resent subsidizing overleveraged fools and greedy speculators. The little savings is slowly being stolen from me through inflation. The fact Interest rates are lower than inflation is criminal .

GNF U future says:

This season has been really great, I've been making massive profit on my crypto investments all thanks to Expert Frederick Joseph

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