Extract from “TPP trade deal will expand Australia’s economy by less than 1%, World Bank reveals”

The federal government maintains the Trans-Pacific Partnership agreement will deliver “enormous benefits”, despite World Bank analysis showing Australia’s economy will grow by less than 1% as a result of the deal.

Australia’s increased growth is projected to be worse than 11 of the other 12 countries that signed the deal last year, according to the report on the global implications of the deal. Only the US fares worse.

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