No recession but inflation hike and increased cost-of-living pressure on the way, Jim Chalmers says
Economists predict RBA will raise interest rates this week and in May – days before treasurer unveils budgetFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastHouseholds can expect significant additional cost-of-living pressures because of the war in the Middle East, with Jim Chalmers confirming that the government expects inflation to rise beyond 4.5% in Australia.But the treasurer said he did not expect the economy to fall into recession because of the war sparked by US and Israeli bombings in Iran. Continue reading...
Economists predict RBA will raise interest rates this week and in May – days before treasurer unveils budget
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Households can expect significant additional cost-of-living pressures because of the war in the Middle East, with Jim Chalmers confirming that the government expects inflation to rise beyond 4.5% in Australia.
But the treasurer said he did not expect the economy to fall into recession because of the war sparked by US and Israeli bombings in Iran. Continue reading...
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