Abstract
Significance As Australia seeks to manage slower demand from China and depressed commodities prices, Prime Minister Malcolm Turnbull has called a 'double dissolution' election for July 2, whereby all lower and upper house seats are contested, seeking an electoral mandate for his 'Innovation Agenda'. Both Turnbull and Shorten are endeavouring to campaign on a promise of steady economic stewardship. Impacts The unpopularity of the Liberal-led state government of Western Australia is likely to cost the Coalition federal seats in July. Strong January-March 2016 growth figures -- an annualised 3.1% -- belie tepid wage growth. Weak inflation figures to be released in July may prompt the Reserve Bank of Australia to cut its overnight rate in August.
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