Australia’s treasurer warns of softer growth, higher unemployment

Australia’s treasurer warns of softer growth, higher unemployment

SYDNEY, Oct 22 (Reuters) - Australian Treasurer Jim Chalmers will warn of softer economic growth and higher unemployment as interest rates remain high ​and inflation proves stubborn, according to excerpts ‌of a speech that was reviewed by Reuters on Th...

Chalmers warns of slower growth as traders bet on rate rise next month

The treasurer’s warnings on Friday come as the Reserve Bank tells a parliamentary inquiry that cutting government spending will help ease inflation.

Budget update projects weaker growth and higher unemployment

Treasurer Jim Chalmers has revealed December’s mid-year budget update will project weaker growth and higher unemployment, as economists warn of a difficult six months ahead for the Australian economy. Source: The Guardian.