Next year to be ‘much tougher’ for Australia’s economy

Sky News Business Editor Ross Greenwood says next year is set to be “much tougher” for the Australian economy. Mr Greenwood said most families will be able to cope for the time being. “But what happens is eventually when business starts to be crimped by rising prices and rising interest rates, they then will reconsider their reemployment prospects for the future,” he told Sky News Australia. “When that happens, then you start to get the hurt.”