Australians search recession at record levels after RBA chief comments
Google searches for 'recession' hit record levels after RBA governor Michele Bullock said the bank was trying to avoid recession.
Google searches for 'recession' hit their highest level since 2020 and their third-highest level on record. The spike came after RBA governor Michele Bullock said Tuesday that the bank was trying to avoid tipping the economy into recession.
Australians were also searching 'what happens in a recession'. A recession is officially two consecutive quarters of negative economic growth.
Australia has had eight since World War II. Right now, businesses are paying thousands of dollars more each month.
Several major employers announced job cuts this week.
- Highest since 2020
- Recession search level
- Third-highest on record
- Search ranking
- Fifth this year
- RBA rate rises
- Eight in Australia
- Recessions since WWII
Why it mattersIf Australia enters recession, unemployment typically rises and household budgets tighten.
AustraliaIf the economy slides into recession, Australians could face job losses, tighter household budgets, and mortgage stress, especially those in heavily mortgaged homes.
Corroborated bytheage.com.au
