Inflation up, GDP and productivity down in stark pre-budget forecast

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Inflation up, GDP and productivity down in stark pre-budget forecast

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The Australian Reserve Bank's upward revision of interest rates comes amid concerns over inflation. The latest economic forecasts depict a struggling economic landscape with declining GDP and productivity.

The Reserve Bank has lifted interest rates by 0.25 percentage points after revising forecasts for inflation to its highest level in more ...

Politics Markets Australian economy interest rates inflation GDP decline

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