Australian Treasurer Jim Chalmers said he expects a substantial economic slowdown and for unemployment to pick up as inflation eases.
“As the Reserve Bank forecasts and the Treasury forecasts have inflation moderating over the coming months, they do have a tick up in unemployment as well,” Chalmers said Sunday on ABC’s “Insiders” program.
Read More : Australia Treasurer Expects Unemployment Uptick Amidst Easing Inflation