Australia in for ‘rough ride’ as economic woes mount

Soaring inflation, stagnant wages, low productivity growth key challenges for government

By KARL WILSON in Sydney karlwilson@chinadailyapac.com
WORLD NEWS


Australia’s Labor government is facing the country’s worst economic crisis in decades, less than half a year after taking office. Inflation, currently at a 21-year high of 6.1 percent, is forecast to peak at nearly 8 percent by the end of the year as...

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