Inflation data for November, to be released today, is expected to show the impact of pre-Christmas discounting. Follow the day’s news live
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As the foreign economy is expected to slow through the year, treasurer Jim Chalmers says Australia will be entering a period of uncertainty from a position of relative economic strength.
He said on Radio National this morning:
We do have faster jobs growth than any of the major advanced economies, we’ve created more than 700,000 jobs through the life of our government. We’ve had two consecutive quarters of wages growth. Inflation is moderating, though not as fast as we would like. We’ve delivered the first budget surplus in 15 years, and there’s a second one in prospect.
All of these things put us in a better stead to confront this global economic uncertainty, which has been outlined so starkly in the World Bank report.
Continue reading…Inflation data for November, to be released today, is expected to show the impact of pre-Christmas discounting. Follow the day’s news liveGet our morning and afternoon news emails, free app or daily news podcastAs the foreign economy is expected to slow through the year, treasurer Jim Chalmers says Australia will be entering a period of uncertainty from a position of relative economic strength.He said on Radio National this morning:We do have faster jobs growth than any of the major advanced economies, we’ve created more than 700,000 jobs through the life of our government. We’ve had two consecutive quarters of wages growth. Inflation is moderating, though not as fast as we would like. We’ve delivered the first budget surplus in 15 years, and there’s a second one in prospect.All of these things put us in a better stead to confront this global economic uncertainty, which has been outlined so starkly in the World Bank report. Continue reading…