The Age ·general ·1 day ago

Deloitte warns nearly one million jobs at risk from rising oil prices

Deloitte Access Economics warned that nearly one million Australians could lose jobs if crude oil prices soar to $US150 per barrel. Inflation could exceed 6.5 percent under such conditions, with severe impacts on manufacturing and tourism. The ongoing volatility in oil prices stems from failed US-Iran peace talks, adding uncertainty to Australia's economic outlook.

Read full on The Age →

Summary by Glance · The Age

Newer
Next