Deloitte warns nearly one million Australians could face unemployment from oil spike

Deloitte Access Economics warned nearly one million Australians could face unemployment if crude oil prices spike to $US150 per barrel. In a severe scenario, unemployment could rise to 6.8 percent as inflation hits 7.5 percent. Analysts highlighted the potential economic fallout amid ongoing instability in the Middle East following unsuccessful peace talks between.

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Summary by Glance · Original reporting by Brisbane Times