Australian Firms Warn of Stagflation Risks as Iran Conflict Drives Up Costs

2 articles · Updated · Bloomberg · Apr 18

Australian companies are warning of the economic fallout from the Iran war, with rising energy costs and inflation threatening growth.
Qantas faces a 32% surge in jet fuel costs, cutting flights and raising fares, while Westpac increases credit provisions amid deteriorating business and consumer confidence.
Analysts warn the ongoing Middle East conflict could push Australia towards stagflation, as higher prices and slower activity challenge businesses and households.

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