Chalmers’ advice for the inflation experts
Jim Chalmers says investors and economists have ‘overreacted’ to last week’s hot inflation figures, putting Labor further out of step with expert economic consensus on spending cuts.
Our Team
Latest
Chalmers clings to sales pitch for growth as retail takes a hit
The Treasurer says a slump in retail spending in March is ‘more evidence’ of the need to shift focus from containing inflation to supporting growth, putting him at odds with leading economists.
Fiscal funnel to Labor winners
Jim Chalmers will unleash an investment frenzy under a major foreign investment shake-up aligning Labor’s economic and national security policies with the Future Made in Australia Act.
Inflation douses hopes of rate cut
Interest rates are likely to stay high into next year after inflation eased to 3.6 per cent in the year to March but accelerated sharply through the first three months of 2024.
PM ‘betraying Hawke reforms’
John Howard has intervened in the national debate to warn the Made in Australia agenda could unleash ‘harmful consequences’ and represents a new form of protectionism.
Petrol prices surge back to near record highs
National petrol prices have jumped by 25c a litre over the past three months to be back within striking distance of the peaks recorded in 2022.
Future budget deficits to be Made in Australia
Jim Chalmers has signalled that future budgets will prioritise growth at the expense of balanced budgets as the once-in-a-generation inflation challenge fades.
Threats by state to delay deal on federal funding
NSW Treasurer Daniel Mookhey has renewed his attack on this year’s ‘absurd’ GST allocation, which he says will cost $11.9bn over four years and ‘almost certainly’ its AAA credit rating.
Budget blow: Jim carries weight of the world
A deteriorating global outlook may force a downgrade to the nation’s growth forecast, as Jim Chalmers reveals Treasury is predicting weakening activity from Australia’s major trading partners.
We’re not in the business of picking winners: NRF boss
NRF boss Ivan Power has distanced the $15bn fund he leads from the heated national debate over Labor’s Future Made in Australia policy.
Original URL: https://www.theaustralian.com.au/author/patrick-commins/page/7