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Rudd Inherits Red-Hot Economy

New Aussie PM faces inflationary risks in boom times

By Kevin Spak,  Newser Staff

Posted Nov 26, 2007 2:57 PM CST

(Newser) – New Aussie PM Kevin Rudd inherits a booming economy, but that doesn't mean it's going to be an easy ride for his center-left government, the Wall Street Journal warns. Demand for Australia's natural resources is feverish and inflation is already uncomfortably high. Rudd has vowed...   Read full story »

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