Australia's Recession Fears: Rate Hike, Inflation, and Debt
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Australias central bank raises interest rates amid inflation, sparking recession fears and plunging consumer confidence. Treasury models predict grim outcomes if oil prices remain high, with debt and global risks looming. Treasurer Jim Chalmers prepares budget reforms as tough choices lie ahead.
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