Economist Shane Oliver predicts high interest rates and ongoing economic struggles
Economist Shane Oliver warned on Tuesday that Australia's economic struggles will persist, with interest rates expected to remain high until late 2027. He highlighted the ongoing pressures on households due to inflation and weak economic growth, describing the situation as a 'fairly tough economic time'. Significant reforms are needed to improve productivity and living standards.
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Published 08 Jul 2026, 00:00 UTC · Updated 08 Jul 2026, 00:10 UTC
Summary by OZbrief Editorial. Original report: 7 News – Business. Editorial policy · Corrections
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