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Australia’s big economic challenge

Australia’s big economic challenge

Awaiting this weekend’s election victor are rising inflation and cost of living pressures, higher interest rates and a mammoth budget repair task.

John KehoeEconomics editor

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There has never been an easier time to find a job in Australia in the past 50 years than right now, but that might not stop the Morrison government from being booted out of office when voters head to the polls on Saturday.

The potential paradox of people turning against the managers of an economy that – judging by one of its most important measures – is performing very strongly is an intriguing aspect of politics and indicative of the challenges ahead.

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John Kehoe
John KehoeEconomics editorJohn Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com

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Original URL: https://www.afr.com/policy/economy/why-there-are-economic-headaches-ahead-for-the-election-winner-20220517-p5am5o