Commonwealth Bank sees 50-50 chance of a recession by year's end

Evidence is growing that Australia might fall into a recession later this year under the weight of aggressive interest rate rises from the Reserve Bank.

And the signs are getting ominous after weak economic data last week prompted the Commonwealth Bank to downgrade its forecasts - now seeing a 50 percent chance of a recession.

The downgrade comes from CBA head of Australian economics Gareth Aird.

Here's my analysis on ABC Newsradio