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Economic Impact of Global Fuel Crisis

Updated 2026-05-05 10:30 UTC 1 source Negative

RBA governor predicts economic malaise due to global fuel prices. The impact is expected to lead to higher costs and lower growth in Australia.

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The Guardian
In sobering comments, the RBA governor forecasts economic malaise due to the global fuel shock. Not recession but higher prices, lower growth and wages that don’t keep pace with inflationGet our breaking news emai
2026-05-05 10:11 UTC
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