Economic dataGovernment leaders

Jim Chalmers faces a world of hard choices where the solution to one problem makes the other worse

Guardian World23 October 2026, 04:54 UTC

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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