Good morning, it’s Amy in Melbourne with your Tuesday newsletter.
Today’s must-reads:
• Our so-called “miracle economy” faces headwinds
• Our AAA sovereign credit rating may be at risk, S&P warns
• Lynas Rare Earths in talks with Trump administration
We’re counting down to election day, and whoever wins will face a challenging reality: our living standards are slipping backwards. My colleagues Swati Pandey and Ben Westcott have taken a close look at Australia’s economy as we head towards polling day. We’re not the only ones going to the polls — Singapore also has a general election this weekend, while millions of Canadians voted in their own election this week.
Meanwhile, Australia’s AAA sovereign credit rating may be at risk. That’s according to S&P Global Ratings, with the firm warning election campaign pledges could result in larger structural deficits, debt and interest costs.