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Australia's surging economy could lead to a rise in interest rates
If the Australian economy improves above expectations, the first interest rate hike since November 2010 could be on the cards this year. Treasurer Scott Morrison insists there are better days ahead because of the government's economic management. Last year saw the strongest jobs growth since 2015 and an unemployment rate which fell to its lowest level in four and a half years. With most of the jobs being full-time, the government has reason to be upbeat about the prospects for 2018. However, some economists are predicting an easing of jobs growth in the first half of the year, with a sharper slowdown in the second ... (full story)