SMH · general
Deloitte warns nearly one million Australians could lose jobs from oil price
2 hours ago
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.
Summary by Glance · Original reporting by SMH
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