Australia's economic mood remains strained, with the Treasurer linking the US-Iran conflict to higher inflation and borrowing costs while signaling a tight budget with little relie
Australia's economic mood remains strained, with the Treasurer linking the US-Iran conflict to higher inflation and borrowing costs while signaling a tight budget with little relief for households. Rising government bond costs continue to squeeze fiscal room, compounding pressure from an earlier rate hike that cooled the housing auction market. Meanwhile, a new finance ministerial forum with Japan points to deepening regional economic ties.
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