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Easter Fuel Crisis: Stagflation Looms, New Policies Emerge

Published 4 days, 19 hours ago
Description

As Australia braces for Easter weekend amidst severe fuel shortages, experts warn of impending stagflation due to the Middle East conflicts impact on global oil supplies. Economists predict three more rate hikes, pushing inflation to 5.4% and unemployment to 5%. New policies, including a proposed gas export tax, are being considered to mitigate the crisis.

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