Australia predicted to have one of the highest inflation rates among advanced economies

The International Monetary Fund has released a revised forecast predicting Australia’s inflation rate will rise in 2025 to make it one of the highest among advanced economies.

Deputy Opposition Leader Sussan Ley said she is “really worried” about the forecast and the “mortgage pain” continuing.

“Unfortunately, that demonstrates that the government has no plan to tackle inflation, it’s staying higher for longer,” Ms Ley told Sky News Australia.

[richamass]

If the Fed wanted to lower inflation then they have to address the root cause. And the root cause is the outrageous price of gasoline and diesel which causes everything to increase in price. The oil companies and refineries are gouging, period. The government needs to make an example of one oil company, national it, the other oil companies will crap their pants and lower the fuel cost instantly. If the oil companies don’t lower their prices then the government just orders their newly nationalized oil company to compete against the other oil companies. I don’t think this will happen because the government is in big oils back pocket. And the government wants inflation high to deal with the 31 trillion in debt. if you are losing in the current dip or you look forward to start the best way to go is trading with the guidance of an expert. Adriana Mcgrath has been one step ahead of other analysis, with her strategy I was able to accumulate 15.03 Btc lately.

[lornatodd]

Under Labor we have ceased to be an advanced nation.

[grantsapain]

So much for Labor's "fixing the high cost of living crisis."

[chrisg]

Moronic Labor voters.... We all warned you about Albo....
It was never going to be easy with Albanese

[LouSimpson-vnwn]

No wonder Chalmers is going overseas to a financial summit.
He can't do the job.

[MeredithBell-vf]

Bad government bankrupt countries we have ineptitude in spades

[jimmycook]

Anyone notice the interest rate paid to bank depositors has been reduced by 1% yet the reserve bank is at 4.3%. WTF

[janwitts]

What percentage chance has Australia of even existing in 30 years time?

[gavinpruden]

If anyone believes it’s not at least 10% they are dreaming.

[GrahamH-zmuq]

Wow that’s a shock so Elbo was right bring in a couple million third world immigrants and we become a third world country world he was right on the money the end is nigh for Australia

[BKWilliamsJnr]

How can we have two drastically different ways of approach, The government is saying spending is helping but the IMF is saying the complete opposite. Im confused

[wayneevans]

We should be the wealthiest country on the planet. Na, high taxes, high inflation, high property market, high grocery prices, low wages?? Government has put Australian prosperity in the toilet, while they still feed off the taxpayer

[jimmycook]

Albo sat on the wall
Albo had a great fall
And all of the public Servants and labor party couldn't put Albo back together again.
LOL LOOOSER 😅

[jimmycook]

Why does labor and liberal hate 🇦🇺 Australians .

[asifulzead]

Yup keep those immigrations pumping and the newly announce working holiday visa for India.

[jojoc]

Vote Trump we won't just save America

[jimmycook]

In the meantime 1.3 trillion dollars Sovereign debt and growing.

[Scotty-ou]

Australia elects Labor and Murdoch removes Labor.

[InnerRadiance-lksp]

This administration is putting many families in difficult situations, and low-income people in our country are struggling to survive. I thank Florence Dwen, imagine investing $2500 and receiving $12, 300 in few days

[riskymind]

Labor needs to go out and ask for jobs all over the world.