Should We Be Worried About the Australian Economy? | Carlos Cacho, Jarden Australia

From The Elephant In The Room Property Podcast | Inside Australian Real Estate Chris Bates

Inflation, rising cost of living and interest rates…

Signs of a global looming recession have never been more palpable.

As a result, many Australians question: amid all this negativity, where are we heading to?

In this episode, Chief Economist at Jarden Australia Carlos Cacho joins us to weigh in on the current state of the national economy. Despite these difficult circumstances, is there a light at the end of this tunnel?

We discuss what’s going on in the property market, consumer behavior and why spending is unaffected by low consumer confidence, labour shortages in Australia, and how inflation can lead us to a potentially worse economic outcome.

If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at [email protected]!

See you in the episode!

Episode Highlights:

The global shift around goods versus services: [02:21]
Why is Australia more affected by rising interest rates [05:38]
Does consumer confidence impact spending? [09:18]
Should Australians worry about inflation? [11:34]
Looming recession amid rising unemployment and wage hikes [14:34]
Labour shortages in Australia [18:08]
The current pressures on the rental market [22:00]
Where the national economy is heading to [27:24]
The state of the property market [35:44]
Changes to buyers’ borrowing capacity [47:00]
Carlos’ Property Dumbo [54:52]

About our Guest:

Carlos Cacho is Chief Economist and Bank Analyst for Jarden in Australia. Prior to joining Jarden, Carlos spent three years as Australian Economist at UBS Australia, and previously five years at Colonial First State Global Asset Management.

Carlos holds a Bachelor of Economics, as well as a First Class Honours in Economics from the University of New South Wales.

Links from the show: