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  • Treasurer Chalmers will announce significant cost of living assistance in the upcoming budget, which is scheduled just before U.S. President Donald Trump decides on new tariffs affecting Australian imports.
  • Consumer confidence has dropped 3.1 points recently, reaching its lowest level since October 2024, according to ANZ economist Sophia Angala.
  • Chalmers is expected to present a $20 billion deficit for the current financial year, with a $40 billion shortfall projected for 2025-26, according to ANZ's Adam Boyton.
  • Reserve Bank Chief Economist Sarah Hunter expressed that U.S. Policy settings are critical, impacting both global economic conditions and Australian inflation during a summit in Sydney.
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redlandcitybulletin.com.au broke the news in on Tuesday, March 18, 2025.
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