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Economy set to worsen, with higher unemployment and weaker growth on the way, Jim Chalmers reveals
Treasury is revising all the numbers for the mid-year update as economists warn of a difficult six months aheadGet our new political email, free app or daily news podcastJim 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.Two days after a senior Reserve Bank official foreshadowed the potential for another interest rate hike in under two weeks’ time, the treasurer in a speech on Friday morning will say “higher inflation is putting people under pressure, tight...
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