Australian politics live: Chalmers to cut economic growth estimates as inflation soars; US Fed Reserve lifts interest rate
Given that we are only half way through the sitting through, there is still a hell of a lot to get through.handing down his economic statement. Chalmers has been previewing this for some time, so no one should be surprised.Australia is outperforming much of the world, but that doesn’t make it easier to pay the bills at home.It’s been turbocharged by a decade of domestic failures on skills, on energy and on supply chains which just aren’t resilient enough.
The pre-election forecast for GDP growth in 2022-23 was 3½ per cent. This has now been revised down to 3 per cent growth.
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