Interest rates to stay high until 2027

Australia's interest rates are forecast to remain at a 15-year high until late 2027, with the country facing its longest period of weak economic growth since the 1990s recession. New global data reveals Australians are experiencing one of the sharpest declines in living standards among developed nations, driven by persistent inflation and a decade-long productivity malaise. Economists suggest solutions including reducing regulation, increasing housing supply, reforming the tax system, and allowing more skilled tradespeople into the country.See omnystudio.com/listener for privacy information.