Sky News Business Editor Ross Greenwood says there should be “no surprise” with the International Monetary Fund’s economic forecast for Australia.
“Jim Chalmers keeps talking and he’s now gone off to the International Monetary Fund and the leaders of the Western world, the finance ministers, to talk about this,” he told Sky News host Cory Bernardi.
“Then he sets the budget when he comes back – that’s going to be the interesting side of it when he comes back.”
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
It’s not the federal government’s ‘position’ to bailout Andrews’ budget blow-outSky News Business Editor Ross Greenwood says it's not the federal government's position to bail out the Victorian government from its budget blow-out. Mr Greenwood’s remark comes after Treasurer Jim Chalmers rejected Premier Daniel Andrews’ plea for extra funding ahead of next month’s state and federal budgets. “That’s just not the way in which it should work,” Mr Greenwood told Sky News host Cory Bernardi. “Ultimately, those governments have to be responsible for their own settings, and they have to face their own voters.”
Read more »
RBA economic forecast ‘even weaker’ than IMF suggestsSky News Business Editor Ross Greenwood says the International Monetary Fund predicts an economic slowdown for Australia’s economy but the RBA suggests an “even weaker” series of events. “The forecast for the global economy is going to slow down quite dramatically, particularly in the United States and in the advances economies but the rest of the world is going to be pretty strong,” Mr Greenwood said. “The outlook is for Australia’s economy to slow … this is no surprise, Australia’s economy has always been expected to slow later this year in particular as the 10 interest rate rises the Reserve Bank handed out catch up. “The International Monetary Fund … forecast, 2022, 3.7 per cent going to 2023 this year, 1.6 per cent and then 1.7 per cent, so you can see that slowing of Australia’s economy ... the Reserve Bank … over the course of the next two years they’re saying Australia’s economy could be even weaker than the International Monetary Fund suggests.”
Read more »
Labor govt ‘rapidly increasing’ Australia’s population puts more pressure on the renting crisisSky News Business Editor Ross Greenwood says the Albanese government is “rapidly increasing” Australia’s population, which adds more pressure to the country’s renting crisis. “Capital city rents in the past year are up almost 25 per cent,” Mr Greenwood told Sky News host Cory Bernardi. “If you’re renting an average house in Sydney right now, it’s going to cost you $50,000 a year.”
Read more »
Regulators are ‘grappling’ with crypto around the worldBlockchain Australia Director John Bassilios says cryptocurrency is a new industry that regulators around the world are “grappling” with. “We’re seeing increased regulatory activity at this point in time,” Mr Bassilios told Sky News Business Editor Ross Greenwood. “With new legislation introduced in Europe to regulate cryptocurrency exchanges and proposed changes here in Australia as well.”
Read more »
Jim Chalmers potentially ‘softening’ Australians up for a ‘bigger tax reform’Sky News Business Editor Ross Greenwood is concerned Treasurer Jim Chalmers is potentially “softening us up” for a bigger tax reform or change. “Because as he says, things are going to get tougher and Australia will slow down – there’s no doubt about that,” he told Sky News host Cory Bernardi.
Read more »