If wage growth remains stagnant as global supply networks break down and commodities costs rise, Australians will have less purchasing power. Russia is the world's second-largest producer of gas and third-largest producer of oil.
Russia and Ukraine produce up to 80% to 90% of the neon gas used in lasers to manufacture semiconductors.
Without immediate de-escalation, persistent high commodity prices might decrease global....
Tags : Australia, Russia and Ukraine, economic consequences of conflict, neon gas,