For many, the call for an Australian recession would include the expectation that shopping centres will bear a significant proportion of the downturn, but such an expectation may not reflect the eventual reality. Apart from the very short Covid-induced downturn in 2020, Australia has largely avoided a material economic recession since 1990-91, where unemployment peaked at almost 12 per cent. As central banks around the world continue their crusade to deliver on their targeted level of unemployed citizens, there have been signs of some deceleration in the Australian economy.

https://www.realcommercial.com.au/news/why-the-bestinclass-mall-rents-are-recession-resilient-and-attractive

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