ANZ boss warns of tough economic year ahead, more customers to face financial…

ANZ boss Shayne Elliott has warned that next year will be tougher for the economy as interest rates and inflation remain high, and that more of the bank’s customers may fall into financial difficulty. At the bank’s annual general meeting (AGM) on Thursday, Elliott said while the Australian and New Zealand economies remained “remarkably robust”, he expected economic growth to slow in 2024. ANZ chief executive Shayne Elliott said the economic outlook for 2024 would be more challenging. Credit: Jamila Toderas “The outlook is certainly more challenging, with interest rates and inflation expected to remain high, geopolitical risks…