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The Guardian
The Guardian
UK · 3 hrs ago
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Australians are poorer because of war on the other side of the world – Michele Bullock’s logic is hard to fault
72Accuracy
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Accuracy 72/100
Partisan intensity 35/100
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Left-leaning ✓ Fair headline

RBA Governor Michele Bullock warns that global fuel shocks from international conflicts have made Australians poorer, forecasting higher prices and lower wage growth without recession, though the economic outlook remains challenging.

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Australians are poorer because of war on the other side of the world – Michele Bullock’s logic is hard to fault
In sobering comments, the RBA governor forecasts economic malaise due to the global fuel shock. Not recession but higher prices, lower growth and wages that don’t keep pace with inflation Get our breaking news email, free app or daily news podcast As far as rallying cries go, Michele Bullock’s “we are poorer, and there is no way out of that” leaves a lot to be desired. It’s not going to win you any applause, particularly when you’re the governor of a central bank that has just announced a thir
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