Australia's economy to shrink as interest rates bite, warns CBA boss | The Business | ABC News

Australia's economy to shrink as interest rates bite, warns CBA boss | The Business | ABC News

Commonwealth Bank chief Matt Comyn says he thinks the economy will contract this year, but will avoid a recession unlike the US, UK and Europe. CBA predicts house prices will fall 15 per cent from their peak. Subscribe: http://ab.co/1svxLVE Read more here: https://ab.co/3Q9VgFU

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