Australian PM Morrison: Russia-Ukraine war will depress global growth

Speaking at the Chamber of Commerce and Industry WA on Wednesday, Australian Prime Minister Scott Morrison warned Australia will likely be affected by the negative global economic fallout from Russia's invasion of Ukraine.

Key quotes

“The world is facing the biggest energy shock since the 1970s.”

"That is likely to depress global growth and we know higher oil prices means greater pressure on family budgets at the petrol bowser.”