War in Middle East Hits Aussie Economy Hard
Adelaide News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
New IMF research reveals wars inflict more economic damage than financial crashes or natural disasters, with effects lasting up to a decade. In the Middle East, a fragile truce collapsed, causing oil prices to surge and shipping traffic to plummet. Australians face soaring inflation due to fuel price hikes, with consumer confidence at a low of 62.3. Experts advise restocking fuel and building resilience, as the wars impact continues to ripple globally.
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