‘Clear and present danger’: fuel prices could rise by 30c a litre across Australia under IMF scenario
IMF’s World Economic Outlook shows how a worsening Middle East crisis could affect global growth and inflation An International Monetary Fund scenario where global oil prices jump to US$130 a barrel over coming months could push Australian petrol prices up by another 30 cents per litre and pile pressure on the Reserve Bank to hike interest rates, economists say.
In its latest World Economic Outlook, the IMF modelled the impact on global growth and inflation from a worsening Middle East crisis that extended into next year, highlighting the “clear and present danger” to a resilient global economy from turmoil in commodity and bond markets.
Read in depth: Business
India’s September exports rise 23% as merchandise trade deficit widens
Merchandise exports reached $44.40 billion, but a larger rise in imports pushed the monthly goods deficit to $30.21 billion. A separate measure including services narrowed from...
States seek safeguards for children’s data in Character.AI bankruptcy
Forty state attorneys general want a Delaware bankruptcy court to protect sensitive chats and require child-safety measures as Character.AI explores an asset sale.
Sources and context
The GuardianSource headline and summary supplied via NewsData.io. First collected by NewsJaws on 2026-10-13. This is an automated news brief, not original NewsJaws reporting. Dates reflect the source publication. Feed delays may apply.