Australian home prices rose 8.1% in 2023, but growth slowed amidst rising rates and inflation. Affordability challenges and low consumer sentiment dampened the market, with the trajectory of interest rates playing a crucial role. Analysts predict a housing market slowdown in the first half of 2024. Stay updated on the uncertain outlook for Australian home prices.
UK economy shrinks unexpectedly, sparking recession fears before election. Prime Minister Rishi Sunak faces challenge of regaining public trust amidst economic instability.
Australia's economy contracts in Q3 due to declining household spending and weak exports, indicating that interest rate hikes are slowing demand. The Reserve Bank of Australia may hold off on further tightening monetary policy.
Join Turkish Central Bank Governor Hafize Gaye Erkan and Finance Minister Mehmet Simsek as they address investors and discuss Turkey's economic challenges in a meeting organized by JP Morgan.