Last week, we were confronted with our latest economic report card. On the upside, the Reserve Bank announced that our annual inflation rate has sunk to its lowest level in three years.

But then an Australian economic think tank released its so-called “Misery Index”, and said that Australians are living through the most protracted period of economic misery since 2011.

Today, economics correspondent Shane Wright, on whether we’re headed for economic relief… or a recession. And if Australia is behind other countries, when it comes to bringing down inflation.