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Global Tensions Shake Economic Outlook | Perth News
Description
Geopolitical chaos is crashing the economic recovery—Middle East tensions, stalled oil flows, and Trump’s proposed 20% cargo toll are fueling inflation fears. While business confidence dipped slightly and consumer sentiment remains at 50-year lows, the Reserve Bank is split: some think rates should pause, others predict another hike in August amid rising fuel costs and stubborn price pressures. The global stage is now the main driver of domestic uncertainty.
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