💨 Abstract

Australia's Labor Party, led by Prime Minister Anthony Albanese, secured a resounding reelection victory in a campaign that highlighted concerns over U.S. trade policy and the global economy. The party is expected to expand its parliamentary majority, with more than two-thirds of votes counted. The government plans to prioritize managing global economic uncertainty, particularly the U.S.-China trade war, which is seen as casting a "dark shadow" over the global economy.

Courtesy: theprint.in

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