Concerns Australia could be about to experience 'stagflation' скачать в хорошем качестве

Concerns Australia could be about to experience 'stagflation'

Sky News host Sharri Markson says economists and analysts are concerned about Australia going into recession amid RBA's rate hikes and warning that the unemployment rate will need to rise to tackle inflation. Ms Markson revealed “the reality” of what Australia is currently looking at. “Australia’s economy and social fabric now has the echo of the 1970’s dynamic of a shrinking national pie in per person terms and conflict over how that pie is shared,” she said. “There is the concern now that we could be about to experience stagflation – this when inflation and stagnation happen at the same time. “It’s when there’s a weak economy, high inflation and a sharp rise in unemployment.” Ms Markson said the question is now whether Labor is doing its part to help tackle Australia’s high inflation.