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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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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.
