OECD warns Australia will struggle to bring inflation below 3% as Qantas strike disrupts services
More than 600 Qantas ground crew began a 24-hour strike as the OECD flagged persistent inflation pressures in Australia.
The Organisation for Economic Co-operation and Development (OECD) has warned that Australia will struggle to bring inflation below 3%, adding to economic pressures facing the government.
The warning came as more than 600 Qantas ground crew workers began a 24-hour strike across the country in an escalating industrial dispute. Qantas said it has contingency plans in place, and that the impact of the strike would be felt primarily by the airline’s freight operations and its regional QantasLink services rather than mainline passenger flights.
Separately, Australia and the Netherlands reaffirmed their commitment to close cooperation amid what officials described as an increasingly volatile and contested geopolitical environment. The two countries also restated their resolve to continue pursuing truth, justice and accountability on behalf of the victims of the downing of flight MH17 and their next of kin.
Economic and diplomatic pressures converge
The combination of persistent inflation concerns and labour disruption in a key national carrier adds to the challenges facing policymakers, while the renewed Australia-Netherlands statement highlights continuing diplomatic efforts tied to the MH17 case.
Further developments on both the strike and the inflation outlook are expected to be watched closely by markets and travellers in the coming days.
Sources
- Australia news live: OECD says Australia will struggle to get inflation below 3%; travel woes as Qantas staff strike — The Guardian — World
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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