The federal budget forecasts growth of 3.25% this year but a hints at a slowing global economy with high inflation and interest rates
Federal budget 2022 LIVE updates: Australia government budget announcement and speech – latest newsExplore all of our 2022 Australia federal budget coverageGet our morning and afternoon news emails, free app or daily news podcast
The resilience of Australian households to soaring expenses and the nascent recovery of China’s economy will likely determine whether Jim Chalmers’ first budget is a charm or chimera.
This year’s forecast for Australia’s economy to grow 3.25% may be the best this side of the next federal election as the Reserve Bank tries to douse inflation with another 75 basis points of interest rate hikes. The outlook, though, is darkening at home and abroad, adding to looming fiscal strains.
Sign up for our free morning newsletter and afternoon email to get your daily news roundup
Continue reading…The federal budget forecasts growth of 3.25% this year but a hints at a slowing global economy with high inflation and interest ratesFederal budget 2022 LIVE updates: Australia government budget announcement and speech – latest newsExplore all of our 2022 Australia federal budget coverageGet our morning and afternoon news emails, free app or daily news podcastThe resilience of Australian households to soaring expenses and the nascent recovery of China’s economy will likely determine whether Jim Chalmers’ first budget is a charm or chimera.This year’s forecast for Australia’s economy to grow 3.25% may be the best this side of the next federal election as the Reserve Bank tries to douse inflation with another 75 basis points of interest rate hikes. The outlook, though, is darkening at home and abroad, adding to looming fiscal strains.Sign up for our free morning newsletter and afternoon email to get your daily news roundup Continue reading…