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Paul Bloxham: HSBC chief economist on Australian business confidence dropping to Covid-era low

Paul Bloxham: HSBC chief economist on Australian business confidence dropping to Covid-era low

Published 2 months ago
Description

The ongoing Middle East conflict has seen Australia business confidence hit lows not seen since the Covid-19 pandemic.

The US has today moved to blockade the Strait of Hormuz, and the supply shock is likely to hit households hard, according to experts.

HSBC chief economist Paul Bloxham explained further.

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