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Flat White

Australia’s perfect economic storm

10 June 2022

4:00 AM

10 June 2022

4:00 AM

Successive Australian governments are directing our economy into the eye of a perfect storm. It should be avoidable, but due to their failure to consider fundamental economic principles, it has become inevitable.

Australia entered the Covid pandemic period in early 2020 well placed economically.

The unemployment rate was low at 4.9 per cent, interest rates were down to 1.5

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