WA faces challenging year ahead but economic outlook remains positive, according to new business report

 As the global economy "teeters on a knife edge", Western Australia is well positioned to withstand a possible worldwide recession, according to the Chamber of Commerce and Industry WA (CCIWA).

The CCIWA has released its economic outlook report for this financial year and the next two, warning of a tough year ahead.   

"The household sector in particular [will face challenges] with rising interest rates, increased costs of living. But we look beyond those challenges," chief economist Aaron Morey said.

Read More: https://www.abc.net.au/news/2023-03-12/cciwa-economic-outlook-report-western-australia-/102086058