The Age
·general
·4 hours ago
Grim warning for workers with inflation set to hit a three-year high
Inflation in Australia is projected to hit a three-year high of 5.4 percent by mid-2023 as higher petrol prices impact the economy. Analysts warn that rising prices could lead to a surge in unemployment, with 120,000 Australians expected to seek work amid slowing growth. The upcoming budget is set to focus on economic resilience amid these challenges.
Summary by Glance · The Age
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