AI summary
Treasurer Jim Chalmers faces worsening economic forecasts, forcing difficult policy choices where solving one problem exacerbates another.
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Jim Chalmers faces a world of hard choices where the solution to one problem makes the other worse
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High inflation, low growth and rising unemployment can be added to the federal treasurer’s wall of worriesGet our new political email, free app or daily news podcastJim Chalmers in a speech last week offered the scant encouragement that the economy would be “a bit better” in a year’s time.Fast forward to Friday morning, and the treasurer revealed that his officials were busy downgrading their forecasts ahead of December’s mid-year budget update to show slower growth and higher unemployment. Continue reading...
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