Australia's economic outlook gloomy among Asia Pacific peers

Sky News host Sharri Markson has shared concerning news for the Australian economy. According to rating agency S&P Global Ratings, Australia's economy is forecasted to be among the poorest performing across the Asia Pacific region due to rising interest rates and low productivity growth. The agency predicts a sluggish growth of just 1.2 per cent next year, making Australia the second-worst performer among the 14 major Asia Pacific economies they monitor, with Japan trailing closely at 1.1 per cent.