The Age
·general
·2 hours ago
Higher inflation, less growth, more unemployment: Chalmers issues budget warning
Treasurer Jim Chalmers warned of higher inflation and rising unemployment as Australia prepares for its budget on May 12. He cited risks stemming from the ongoing war in Iran, which has influenced economic growth projections. Chalmers acknowledged the need for a careful reassessment of the budget due to unprecedented economic volatility.
Summary by Glance · The Age
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