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 inflationGet our breaking news email, free app or daily news podcastAs far as rallying cries go, Michele Bullock’s “we...
هذا الخبر من The Guardian. خبر يقدم أدوات ذكاء اصطناعي للتلخيص والترجمة والاستماع.
المصدر: The Guardian | Source: The GuardianIn 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
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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 third rate hike.
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This article was originally published by The Guardian. Khabr is a licensed Jordanian AI-powered news platform (Registration #82086). We add editorial value through: AI-powered news analysis, automated summaries, AI audio narration, multi-language translation (Arabic, English, French, Turkish), and AI fact-checking. Our mission is to make news more accessible and understandable for Arabic-speaking audiences worldwide.
