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Inflation still the 'defining challenge' as Australia's economic activity slows

Written by John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra

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Australia has recovered better than most from the COVID pandemic. As measured by gross domestic product (GDP), the economy is now 7% larger than it was before the pandemic.

Over 2022, the economy expanded by 2.7% – more than any of the seven largest advanced economies, and more than twice the average growth rate in the OECD.

That...

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