The Age
·general
·1 hour ago
Iran war hits Victoria’s economic outlook. And it could get worse
Victoria downgraded economic growth forecasts Tuesday as Middle East conflict drives up fuel prices and interest rates. Real gross state product growth for 2026-27 slashed to 1.5 percent from 2.5 percent forecast in December. State debt reaches $199.3 billion by 2030, with annual interest costs climbing to $11.8 billion, straining the government's fiscal outlook.
Summary by Glance · The Age
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