The Middle East conflict is cited as the primary driver for a drop in Australian business confidence, utilizing models from Westpac.
2 reports, 2 independent
Updated Jul 10
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What happened
The Middle East conflict is cited as the primary driver for a drop in Australian business confidence, utilizing models from Westpac.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Westpac analyzed inflation trends and increased operating costs resulting from the war in the Middle East.Sub-event
Westpac data shows deep consumer pessimism and spending cuts linked to Middle East tensions.1 source
Australian business confidence decline linked to Middle East conflict via Westpac modeling.1 source
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The entities involved
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
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Westpac
Australian bank and financial-services provider
Related events
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- Conflict in the Middle East affects global markets, leading to stagflationary outcomes in Australia and New Zealand.
- Marriott International is affected by the regional conflict impacting business performance in the Middle East.
- Conflict in the Middle East causes elevated uncertainty.