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Albanese landslide offers rare chance to fix Australia’s economy

  • Prime Minister Anthony Albanese won a historic election in Australia on May 3, securing the strongest mandate since World War II.
  • Albanese's government now faces pressure to enact significant economic reforms amid falling living standards and rising inflation.
  • Treasurer Jim Chalmers stated that while the government remains ambitious, major reforms may be limited due to Senate control issues.
  • The election results reflect a broader rejection of ideological extremism and a desire for stability in uncertain global times.
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Bloomberg broke the news in United States on Sunday, May 4, 2025.
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