Australia Warns of Soft Growth and Jobless Rise
Australian Treasurer Jim Chalmers warns that persistent inflation and high interest rates will drive softer economic growth and higher unemployment. He notes business investment remains resilient.
Xurve View
Insights:
Xurve View
Australia Treasurer Jim Chalmers warned of softer economic growth and higher unemployment during a Thursday morning address. The Treasury is revising forecasts due to persistent inflation and tighter monetary policy. Investors face a potential fifth rate hike next month as labour markets soften.
