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Australia treasurer concerned over weak wage growth

Sydney

AUSTRALIAN Treasurer Scott Morrison said he's still "very concerned" about the impact of record-low wage growth on the budget even after the economy rebounded strongly in the final three months of last year.

The treasurer sought to play down the fiscal boost from 1.1 per cent growth in the fourth quarter, telling Sky News only that "it's consistent with where we were at" when the mid-year budget update was released in December.

"Often, what you pick up on the swing you lose on the roundabout,"...

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