Feeling gloomy about the economy? The ‘vibecession’ has arrived in Australia – but experts are less worried

A poll shows most Australians think the country is either in a recession or will be soon. Economists have a different view Get our breaking news email , free app or daily news podcast Australian households were already on edge before the bombs started falling in Iran. The cost of living was high and inflation was accelerating again, forcing the Reserve Bank to start ratcheting up interest rates.