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HomeNews‘Challenges are growing’: Australian economy is ‘held back’

‘Challenges are growing’: Australian economy is ‘held back’

Treasurer Jim Chalmers says Australia’s economy is “rebounding” but is held back by “capacity constraints, skills shortages and declining real wages”.

“This is an economy which is growing, but the challenges are growing as well,” Dr Chalmers said.

“It’s a solid outcome, but it doesn’t tell the full story about our economy.

“I think Australians know that in the more than two months since this data, some of the pressures on them and on our supply chains have grown and that’s been a consequence of rising interest rates, deteriorating global situation and of course high and rising inflation.”

Read more at www.skynews.com.au

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