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Private sector growth has 'set the economy alight': Ian Verrender | ABC NEWS

The federal government has been facing renewed pressure over its budget and handling of the economy after the latest inflation, wages, and jobs figures gave economists a temperature check.
Chief Business Correspondent Ian Verrender says although government spending does contribute to inflationary pressure, private sector growth is the primary factor fuelling the rise in demand.
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Read more here: https://www.abc.net.au/news/business

00:00 – Unemployment rate remains at 4.1 per cent as inflation outpaces wage growth.
01:36 – Is government spending adding to inflationary pressure?
02:36 – Why is wage growth lagging in a resilient jobs market?
03:14 – Could the exchange rate be impacting ‘volatile’ inflation figures?
04:27 – Ian’s predictions for future rate decisions.

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