Jim Chalmers to cut economic growth estimates amid inflation ‘headwinds’

edited July 27 in UK Political Debate

Treasurer will use state of the economy speech to trim 2021-22 growth to 3.75% and provide new inflation, wage and unemployment forecasts

The federal treasurer, Jim Chalmers, will use the state of the economy speech to trim the national growth estimates, citing global economic “headwinds”.

“[T]he headwinds our economy is facing – higher inflation at the top of that list, along with slowing global growth – are now reflected in the revised economic outcomes and forecasts,” Chalmers will tell parliament on Thursday according to an excerpt of his speech.

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