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The Chalmers graphs: 7.75% inflation, plunging real wages, weak growth

  • Written by The Conversation

As he had promised to do almost since the day he became treasurer, Jim Chalmers has presented a gloomy set of forecasts for the Australian economy in his first formal economic statement to the new parliament on Thursday.

Inflation is now forecast to peak at 7.75% in the December quarter of this year.

That’s higher than the Reserve Bank’s...

Read more: The Chalmers graphs: 7.75% inflation, plunging real wages, weak growth

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