Home PoliticsAustralia news live: IMF warns Iran war will scar global economy even if peace is reached; teachers to hold rolling half-day strikes

Australia news live: IMF warns Iran war will scar global economy even if peace is reached; teachers to hold rolling half-day strikes

by Ethan Rowe
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Australia news live: IMF warns Iran war will scar global economy even if peace is reached; teachers to hold rolling half-day strikes

Live coverage on Friday focused on a mix of international conflict, domestic politics and industrial action, with the latest developments in Australia and beyond tracked throughout the day.

Among the main stories was a warning from the head of the International Monetary Fund that the Iran war will permanently damage the global economy, even if a durable peace agreement can eventually be reached in the Middle East. The IMF chief said that even the most optimistic outlook now includes a downgrade to growth, and that there would be no simple return to the previous economic conditions.

The live blog also highlighted renewed pressure on the federal government over Australia’s relationship with Israel and its defence procurement decisions. One contribution argued that Penny Wong’s earlier descriptions of the situation, including stating that she was “concerned” or “gravely concerned,” have made no difference. The same commentary called for the cancellation of more than a billion dollars in Israeli arms contracts, saying this would be both a response to the moral concerns raised by Israeli military actions and a way to place real pressure on Israel to pull back from what was described as a disastrous, illegal and immoral war in Lebanon.

That argument went further, saying Australia should not buy weapons that have been tested by Israeli defence manufacturers in conflicts such as Gaza and Lebanon, and should not contribute any weapons parts. It also said ending the contracts would make clear to Israel that there would be a direct and real cost.

The live updates form part of continuing coverage of the federal government’s response to international events, including political reactions to the conflict in the Middle East and the broader implications for trade, security and the economy.

Separate from the international debate, the day’s live coverage also noted industrial action in Victoria, where teachers are set to hold rolling half-day strikes. The action adds to pressure on schools and education authorities as negotiations continue.

As with earlier live blog coverage, the reporting pulled together reactions, commentary and developing events across politics, foreign affairs and public policy. Readers following the live page were directed to continue tracking updates as they emerged throughout the day.

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