Economy key to Australian election: 5 things to know

National security vis-a-vis China also a big challenge for next government

20220513 Scott Morrison and Anthony Albanese

Australia's next prime minister will be either incumbent Scott Morrison, left, or Labor leader Anthony Albanese. (Source photos by AP and Reuters) 

RURIKA IMAHASHI, Nikkei staff writer

SYDNEY -- Australians will cast their ballots in a federal election on Saturday, with polls indicating a tight race that could see the opposition Labor Party returning to power after nine years of a conservative coalition government led by the Liberal Party.

The vote comes as economic fallout from the ongoing Ukraine war drives up the cost of living. National security is also a key issue: the recent announcement of a bilateral security agreement by China and the Solomon Islands means navigating Pacific geopolitics will be a major challenge for the next government.

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