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

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Guardian World

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

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…