Paul Bloxham: HSBC Chief Economist says there's a 50-50 chance Australia enters recession

There are growing fears Australia will follow New Zealand into a recession next. Commonwealth Bank and AMP suggest there's a 50-50 chance the Australian economy enters recession within the coming months. HSBC Chief Economist Paul Bloxham says it's getting harder for the RBA to bring inflation down without a recession- but there's a narrow path the bank could tread. "If it were to lift too much more and be a bit above 4 percent, then that's starting to get to the rate that's not consistent with the inflation target. And then you might have to have a bigger rise in the unemployment rate." LISTEN ABOVESee omnystudio.com/listener for privacy information.