Australian growth slows as costs and inflation rise
The Reserve Bank of Australia (RBA) has raised its benchmark interest rate for a fourth time this year
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In this article
- Current conditions
- Global downturn
- COVID-19 resurgence
- Adverse weather
- Consumer spending weakens
- Slowing incomes and loan pressures
- Stress on business is mounting
- Government options are limited
- Energy security
- Labour scarcity
- Exchange rate
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