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You shouldn't have voted Labor then !, page-21

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Reaper11

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21/08/24

18:09

Post #: 75311075
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Originally posted by DrStrangelove: ↑

7th August 2024

Economic growth 1.1%
Cash Rate 4.35%
Inflation 3.8%
Wage growth 4.1%
Unemployment rate 4.1%
Net foreign debt 27.9%
Weekly wage average $1,432
Exchange rate 0.67

7th August 2022

Economic growth 5.7%
Cash Rate 1.85%
Inflation 7.3%
Wage growth 3.2%
Unemployment rate 3.6%
Net foreign debt 37.88%
Weekly wage average $1,379
Exchange rate 0.7

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The economy's actually doing pretty well. Unemployment rising by only 0.6% on the back of 425 basis points of rate rises to tame rampant inflation. In the country with the most private sector debt in the world the outcome so far has been benign.
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