‘Getting quite worried’: What Jim Chalmers told Labor MPs uneasy about rate rises and inflation
Australian Treasurer Jim Chalmers is briefing Labor MPs on the country's economic outlook ahead of a major Treasury report on long-term challenges. The government faces pressure regarding potential interest rate hikes, stagnant wages, and concerns over national productivity.
Why it matters
The economic management of the Albanese government is under scrutiny as it balances global inflationary pressures with domestic concerns about living standards.
Save You have reached your maximum number of saved items.
Remove items from your saved list to add more.
Share A A A Albanese government MPs are voicing increasing unease over the prospect of more interest rate hikes and stalling living standards as Treasurer Jim Chalmers works to prepare backbenchers for a report next week that will lay bare Australia’s long-term economic problems.
As an ongoing war buffets economies, Chalmers held a private briefing ahead of Monday’s release of Treasury’s first intergenerational report in three years. He took a series of questions on Labor’s economic plans that have been criticised by employers and pro-growth Labor figures.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in