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Australia faces 1970s-style stagflation threat as oil shock pushes inflation higher
May 2, 2026
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Posted 2 hours ago by
Economists warn Australia faces its worst economic nightmare as surging oil prices threaten to trigger devastating 1970s-style stagflation.
The West Australian
Coverage and analysis from Australia. All insights are generated by our AI narrative analysis engine.
Australia
Bias: lean right
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