The Guardian Australia – News · general
Concerns about Australian recession rise despite 13% drop in oil prices
2 hours ago
Concerns about a recession in Australia have increased following tensions regarding Iran, though some economists remain optimistic. Analyst Greg Jericho argues that recent developments have lessened these fears, noting a significant 13% drop in oil prices. However, inflation is expected to remain elevated, prompting speculation about further interest rate hikes by the Reserve.
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Summary by Glance · Original reporting by The Guardian Australia – News
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