Australia’s growth will likely be slower than the 1.75% forecast in May’s budget, Australian Treasurer Jim Chalmers said Friday, as a series of rate hikes and rising inflation start to bite on the economy.
Macro Bloomberg Oct 22, 2026
Australian Growth Likely Slower Than Expected, Chalmers Says
Australia’s growth will likely be slower than the 1.75% forecast in May’s budget, Australian Treasurer Jim Chalmers said Friday, as a series of rate hikes and rising inflation start to bite on the economy.
