Treasurer says a soft landing is not assured as Australia faces global headwinds, and a new study shows the benefits of testosterone therapy
Morning everyone. The slowdown in the Chinese economy and a continuing squeeze on the spending power of Australian households are the two key factors identified by Jim Chalmers as explaining why the economy might be in for a spot of turbulence in the next 12 months. But in an exclusive interview, the treasurer is still hopeful Australia can avoid a recession because “we’ve got a lot going for us”.
Australia’s economy is heading for a soft landing after new data showed growth would be going backwards were it not for population increase and infrastructure spending. In an exclusive interview, the treasurer says the next year could be “bumpy”.Authorities are notifying the families of 64 alleged victims of an accused Queensland paedophile after their identities were
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Economy expected to ‘slow considerably’: Treasurer ChalmersTreasurer Jim Chalmers says the government is being upfront with Australians as it expects the economy to slow “considerably”.
Read more »
‘A blow to the Treasurer’: Chalmers forced to announce new productivity chairA few days before Chris Barrett was due to start his job as the chair of the new Productivity Commission, the Treasurer has been forced to announce his replacement, according to Sky News Political Editor Andrew Clennell. Treasurer Jim Chalmers on Wednesday announced that he’s now appointed Danielle Wood from the Grattan Institute after Mr Barrett pulled out of the role and was announced as Victorian Secretary of Treasury. “There was a big song and dance in July by the Treasurer about the appointment of then new Productivity Commission chair, Chris Barrett – a former staffer with Mr Chalmers to Wayne Swan,” Mr Clennell said. “Here’s the champagne being uncorked in July and the cork being shoved back in today. “It appears, on the surface anyway, to be a bit of a blow to the Treasurer.”
Read more »
Australian small businesses are ‘doing it tough’Treasurer Jim Chalmers says small businesses in Australia are “doing it tough”. “This is because ... the inflationary pressures that they are under and the ongoing impact of higher interest rates as well,” Mr Chalmers said during Question Time. “And while we know that the vast majority of Australian businesses meet their obligations, we do understand that for different reasons, some are struggling to do that.” Mr Chalmers has encouraged small businesses to reach out to the ATO for support if they need help.
Read more »
Jim Chalmers warns soft landing ‘not assured’ for economy despite Treasury forecastsExclusive: Treasurer expects ‘bumpy’ year ahead as Australia feels the squeeze of higher interest rates and China’s slowdown
Read more »
Ley slams 'shifty' government over Qatar decision as Chalmers dodges questionsDeputy Opposition Leader Sussan Ley has slammed the government's 'shifty' narrative around Qantas, as Treasurer Jim Chalmers insisted the decision to block extra flights from Qatar Airways was made in the 'national interest'.
Read more »