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Jim Chalmers is putting a positive spin on the economy, but is Australia’s outlook grim?
The economy was slowing even before the Middle East conflict and interest rate hikes started to bite, while the boom in datacentres was a rare bright spot
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afr.com
Economic growth slows to 2.5pc as rates start to bite
New data released by the ABS showed Australia’s economy was already slowing before being hit by the fallout from the Middle East war and interest rate increases.
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Data centre GDP boost can’t mask our stagflation problem
The staggering $8.7 billion data-centre boom is keeping Australia’s head above water, but beneath it lies a painful reality that could become even worse.
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theguardian.com
Jim Chalmers is putting a positive spin on the economy, but is Australia’s outlook grim?
The economy was slowing even before the Middle East conflict and interest rate hikes started to bite, while the boom in datacentres was a rare bright spot
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Chalmers stuck with hard sell of a slowing economy
Disappointing growth figures won’t stop the treasurer claiming things are going well in the circumstances. That confidence is unlikely to persuade voters.
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abc.net.au
Australia's economic slowdown is just beginning, the experts warn
The economy grew just 0.3 per cent in the first quarter, gross domestic product per capita went backwards, and interest rate rises and cost-of-living pressures are weighing on…