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“While the financial system is encountering a period of below-development progress, it has been more robust than anticipated more than the main half on the year,” she claimed. “Situations from the labour current market have eased but they remain restricted. Housing prices are continuing to increase across the country.”

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Performing shadow treasurer Jane Hume explained the rise was “the consequence of a govt which has invested the previous 17 months with the wrong priorities, without a want to tackle inflation and and not using a intend to reduce the price of living”.