SMH
·general
·1 hour ago
Iran war hits Victoria’s economic outlook. And it could get worse
Victoria downgraded economic growth forecasts Tuesday, citing Middle East conflict and surging fuel prices. Real gross state product growth is now expected at 1.75 percent this financial year, down from 2.25 percent forecast in December. State debt will reach $175.6 billion by June 2027, with annual interest costs climbing to $8.9 billion.
Summary by Glance · SMH
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