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Australian business, consumer confidence crashes on worries about fallout from Iran war

By Reuters April 13, 2026 Bearish
Australian business, consumer confidence crashes on worries about fallout from Iran war
Australia's business ​and consumer confidence crashed as the Iran war unleashed a global oil shock that may tip the local ‌economy into a recession, surveys showed on Tuesday, as policymakers weigh if more rate rises are needed to tame inflation.
Australia's business ​and consumer confidence crashed as the Iran war unleashed a global oil shock that may tip the local ‌economy into a recession, surveys showed on Tuesday, as policymakers weigh if more rate rises are needed to tame inflation.