with a potential recession and/or war ?
It is fascinating how the media has everyone frightened of recession. Just like the record interest rate rises we have had, rising up to still very low rates. The good news does not sell.
What does a recession actually mean? Just that the economy is not growing.
If you are in a stable job guess what? You are usually better off as prices fall. I saw first hand what the mining boom of 2010-2014 did to prices in Perth. Crazy food and drink prices everywhere. As soon as the boom ended, prices fell and a few people had to chnage jobs.
A recession will not hit travellers in Australia hard so unlikely to make a dent in flying numbers.
This graph shows how something as catastrophic globally as Covid still did not stop a rapid recovery in numbers...
This graph covers , that year, the 1990s recession we had to have, bird flu, GFC...
