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AAP

National

Colin Brinsden, AAP Economics and Business Correspondent

War will depress growth globally, PM warns

Australia Reserve Bank

Scott Morrison says soaring oil prices stemming from the Ukraine conflict will hit the economy. (AAP)

Scott Morrison has warned that Australia is not immune from the negative global economic fallout from Russia's invasion of Ukraine.

The prime minister told a business conference in Perth the world is facing the biggest energy shock since the 1970s.

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