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October 24, 2004

Oil may slow Australian economic growth

Rising oil prices may slow Australia's economic growth rate in the short term by damping global demand for exports, and by cooling consumer spending, the central bank said Thursday.

From Oil may slow Australian economic growth

I wonder if this will affect the tourism trade and if 'cooling consumer spending' applies to those people?

Posted by Court on October 24, 2004 01:35 AM Brisbane Time
Category: Oz in the News

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