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Albo’s stagflation

November 25, 2023 - 10:00 -- Admin

Australia’s economy seems to be headed for a period of stagflation, characterised by soft growth and stubbornly high inflation. In the below note, CBA’s head of Australian economics, Gareth Aird, explains that forward-looking indicators are pointing to a slowdown in growth at the same time as inflationary pressures remain elevated, risking further monetary tightening next