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Economy set to worsen, with higher unemployment and weaker growth on the way, Jim Chalmers reveals

Photo: The Guardian World

What happened

Treasury is revising all the numbers for the mid-year update as economists warn of a difficult six months ahead Get our new political email , free app or daily news podcast Jim Chalmers has revealed December’s mid-year budget update will project weaker growth and higher unemployment, as economists warn of a difficult six months ahead for the Australian economy. Two days after a senior Reserve Bank official foreshado…

Summary assembled by rule from the sources below

Sources