Brisbane Times
·general
·3 hours ago
Grim warning for workers with inflation set to hit a three-year high
Inflation is set to reach a three-year high in Australia, driven by the conflict in Iran, with expectations of overall rates nearing 5 percent. Analysts predict that unemployment could rise to 5 percent, pushing an additional 120,000 Australians out of work amid stagnating economic growth. The May 12 budget will focus on boosting economic resilience amid these challenges.
Summary by Glance · Brisbane Times
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