Jim Chalmers faces a world of hard choices where the solution to one problem makes the other worse
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…
By · October 23, 2026 · 1 min read
This article was originally published by
The Guardian World
and is republished here under license.
High inflation, low growth and rising unemployment can be added to the federal treasurer’s wall of worries
Jim 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.
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