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Australia faces worst growth slump in decades as rate rise looms

Weak productivity and underinvestment have left Australia struggling to grow without stoking inflation, Deloitte Access Economics warns.

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Weak productivity and underinvestment have left Australia struggling to grow without stoking inflation, Deloitte Access Economics warns.

One of the nation’s top economic forecasters warns the next two years will be a grind thanks to higher unemployment and poor wage growth.