Exclusive: Treasurer expects ‘bumpy’ year ahead as Australia feels the squeeze of higher interest rates and China’s slowdown
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Jim Chalmers has warned there is no guarantee 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 interview with Guardian Australia’s politics podcast to be released on Saturday, the treasurer says Australia sliding into recession as a consequence of the Reserve Bank hiking interest rates is not his “expectation” because “we’ve got a lot going for us”.
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