Calculations and analyses are currently underway regarding the potential impact of the ongoing Middle East conflict on Australia's fuel prices and economic growth. According to Jin10, David Rumbens, a partner at Deloitte Access Economics, has stated that the worst-case scenario would severely affect Australia. A prolonged conflict could drive oil prices up to $175 per barrel, with inflation rates reaching 7.5% by the end of the year. The ultimate outcome could see Australia's unemployment rate rise to 6.8%, while the GDP growth rate could decline by 2.8%. Notably, none of the proposed scenarios indicate an unemployment rate below 5.0%.#MiddleEastConflict #AustraliaEconomy #FuelPrices #EconomicGrowth #Inflation #Unemployment #GDPGrowth #OilPrices #DavidRumbens #DeloitteAccessEconomics