BusinessNews brief

Jim Chalmers faces a world of hard choices where the solution to one problem makes the other worse

WhatsAppXLinkedInEmail
Save for later

High inflation, low growth and rising unemployment can be added to the federal treasurer’s wall of worries Jim Chalmers in a speech last week offered the scant encouragement that the economy would be “a bit better” in a year’s time. Fast forward to Friday morning, and the treasurer revealed that his officials were busy downgrading their forecasts ahead of December’s mid-year budget update to show slower growth and higher unemployment.

Read the original report at The Guardian.

Read in depth: Business

Sources and context

The Guardian

Source headline and summary supplied via NewsData.io. First collected by NewsJaws on 2026-10-23. This is an automated news brief, not original NewsJaws reporting. Dates reflect the source publication. Feed delays may apply.

Topics in this story

More from Business

See all