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Consumer, retail and business confidence plunging in Australia | 7NEWS

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Australians are spending more at shops and cafes, but how long they'll keep opening their wallets remains to be seen. New surveys show consumer, retail and business confidence are all plunging as interest rate hikes take hold. 7NEWS

 

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It’s not only about interest hikes, but also food price, fuel price etc. Life isn’t easy nowadays. Back in 80s a single income could feed the whole family with multiple kids, people have been working hard but where has all the money gone?

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