SBS News – Australia
·australia
·1 hour ago
RBA models unemployment surge to COVID-era highs amid Middle East conflict
Australia's Reserve Bank models three economic scenarios amid Middle East conflict, with unemployment potentially reaching rates unseen since early COVID-19 pandemic. Governor Michele Bullock warned Tuesday's rate rise won't curb war-related inflation expected to peak in June. The adverse scenario forecasts headline inflation above 5.2 percent and unemployment at 5.1 percent by end-2028.
Summary by Glance · SBS News – Australia
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