Australian Treasurer Chalmers sees substantial economic slowdown, jobless up, CPI down | Forexlive

Australian Treasurer Jim Chalmers spoke on Australia public broadcaster TV show over the weekend, He said he expects a substantial economic slowdown and for unemployment to pick up as inflation eases

• “As the Reserve Bank forecasts and the Treasury forecasts have inflation moderating over the coming months, they do have a tick up in unemployment as well”
• “I think the slowdown in our economy is expected in those forecasts to be significant, and that will have implications for the unemployment rate”
• growth slowdown is “a consequence of higher interest rates and global economic uncertainty”

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None of this is surprising, Chalmers reiterating existing forecasts from the RBA and Treasury.