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AAP
AAP
Business
Derek Rose

Better times ahead for economy, despite global woes

Consumer confidence and spending is forecast to pick up again amid an improving domestic economy. (Dan Peled/AAP PHOTOS)

Australia's economy is tipped to strengthen over the next few years despite the uncertain global backdrop, but may stagnate without serious tax reforms.

While Australia's economic growth hit speed bumps early in of 2025 from Cyclone Alfred, other weather events and a dip in government spending, Deloitte Access Economics is optimistic the pace of economic growth will accelerate over the coming quarters.

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