EconomyJim Chalmers faces hard choices as solving one problem risks worsening another

Australian Treasurer Jim Chalmers says officials are downgrading forecasts ahead of December’s mid-year budget update, with slower growth and higher unemployment expected. Higher oil prices linked to the widening Middle East conflict are adding to inflation and interest-rate pressures, while debt concerns around AI infrastructure spending have rattled markets.

Australia economyinflationeconomic growthJim Chalmers

TThe Guardian★★★☆☆2026-10-23 04:54Original