Home  Macquarie economists, Sophie Photios estimates there is a 50 per cent chance of recession this year as the “trap” of high migration unwinds and high interest rates leave the private sector in “stagnation”. Photo  Macquarie economists, Sophie Photios estimates there is a 50 per cent chance of recession this year as the “trap” of high migration unwinds and high interest rates leave the private sector in “stagnation”. Photo
            
