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Life won’t be easy under Albanese. Was there ever a truer word spoken in politics? Westpac with the note.
The Westpac Melbourne Institute Consumer Sentiment Index dipped 0.3% to 82.2 in May, from 82.4 in April.
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Renewed cost-of-living pressures and inflation concerns have more than offset what looks to have been a relatively well received Federal Budget. Consumer sentiment remains deeply pessimistic.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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