How Australians are cutting back as prices rise | The Business | ABC NEWS
The International Monetary Fund (IMF) has cut its growth outlook due to the Middle East war triggering a global energy shock.
The IMF warned the global economy would teeter on the brink of recession if the conflict worsens and oil prices stay above $100 per barrel into 2027.
Business reporter Nassim Khadem speaks to Australians who are already seeing prices rise about how they’re coping.
Video editing by Kate Ryan.
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