SMH
·general
·1 day ago
Deloitte warns nearly one million Australians could lose jobs from oil price
Nearly one million Australians may lose their jobs if crude oil prices rise to $US150 per barrel, according to Deloitte Access Economics. In a worst-case scenario of $US175 per barrel, unemployment could exceed 6.8 percent and inflation reach 7.5 percent, severely impacting the manufacturing and tourism sectors. A lasting peace in the Middle East remains uncertain.
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