Australia is facing one of the worst real wage slumps in the developed world, according to one of the nation’s top economic forecasters. The Age reports that the next two years are expected to be a “grind,” with higher unemployment and continued poor wage growth on the horizon. The slump has been described as the worst since Australia’s 1990s recession, raising alarms about the country’s economic trajectory at a time when cost-of-living pressures are already dominating public debate.
Walter Murrow
July 7, 2026
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