Australia Risks Sharp Recession in Prolonged Iran War

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Neutral
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94%
Time Horizon
Short Term

Article Context

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Oxford Economics says Australia's economy could face its sharpest recession since the early 1990's, outside of the pandemic, if the Iran war extends and continues to disrupt supply chains. Australia economist Harry McAuley discusses the outlook on "Bloomberg: The Asia Trade." (Source: Bloomberg)

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Original article published by Bloomberg on April 7, 2026.
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