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Chalmers flags weaker growth in Australian budget update

Original: ⚡ NEWS Jim Chalmers Reveals Australian Economic Deterioration in Mid-Year Budget Update Australian Treasurer Jim Chalmer

Australian Treasurer Jim Chalmers has announced that the mid-year budget update will forecast weaker economic growth and higher unemployment. The news follows warnings from economists about a deteriorating fiscal and economic outlook. Commentators are treating the statement as a sign of worsening conditions for the Albanese government's budget position ahead of the formal update.

Why now: Australia's Treasurer publicly confirmed worse economic forecasts ahead of the mid-year fiscal review, drawing attention to the country's weakening outlook.

Jim ChalmersAustraliaAustralian Treasury

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• ⚡ NEWS Jim Chalmers Reveals Australian Economic Deterioration in Mid-Year Budget Update Australian Treasurer Jim Chalmers announced that the upcoming mid-year budget update will project weaker economic growth and higher unemployment. This follows warnings from economists and a… · GeoWire

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