Australia’s Consumer Pessimism Persists as Economy Stagnates
Tue, Sep 10, 2024 1:27 PM

Australia’s Consumer Pessimism Persists as Economy Stagnates

A Flip by Shubhangi Gupta
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Australian consumers turned gloomy and business confidence sank in a combination that highlighted increasing concern about the job market as the economy labors under elevated interest rates. Concern about the employment outlook was a major reason why a separate Westpac Banking Corp. survey on Tuesday showed consumer confidence slipped 0.5% in September.

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