Australia to cut economic growth forecasts on lower consumer spending ...Middle East

Devdiscourse - Opinion
Australia to cut economic growth forecasts on lower consumer spending
source : Devdiscourse ( Middle East ) () 42
Australia's economic growth is expected to slow sharply next financial year as rising inflation curbs household consumption, according to new forecasts to be unveiled by Treasurer Jim Chalmers in Tuesday's budget. Budget papers are set to show gross domestic product (GDP) for fiscal 2023-2024 will be downgraded to 1.5% from the 2.5% forecast in April. GDP is also due to be downgraded to 3.25% from 3.5% for 2022-2023, according to draft figures from the Treasury.

Hence then, the article about australia to cut economic growth forecasts on lower consumer spending was published today ( ) and is available on Devdiscourse ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Australia to cut economic growth forecasts on lower consumer spending )

Apple Storegoogle play

Last updated :

Also on site :



Latest News

Minn.’s anti-ICE agitators: Letters to the Editor — Jan. 26, 2026

before 39 minute

Mamdani must reform New York City’s property-tax system — it’s an avalanche of inequity

before 2 hours & 54 minute

Voices: ‘Open goal’: Why readers think Brexit should define the next election

before 3 hours & 6 minute

The Golden State may never be New York — but at least it now has The Post

before 5 hours & minute

Team Trump moves to ban traffic cameras in DC — as NYC’s set to quadruple the dangerous devices

before 8 hours & 13 minute

Melodies Meet Business: Prakriti Kakar Weds Entrepreneur Vinay Anand

before 12 hour & 38 minute

How to end California’s worsening cost-of-living crisis — politicians must stop lying

before 13 hour & 12 minute

San Francisco Mayor Lurie closes the $5M homeless bar — common sense finally prevails

before 13 hour & 42 minute

Let us celebrate unified India, not uniform India, says TN CM Stalin in Republic Day message.

before 13 hour & 51 minute

Housing in California is too expensive — but there is a solution

before 14 hour & 14 minute

Christian Horner Eyes Minority Stake in Alpine F1 Team

before 14 hour & 52 minute

Democracy Advocate Lee Hae-chan Passes Away During Vietnam Visit

before 15 hour & 32 minute

What Trump’s next move needs to be in Minneapolis

before 16 hour & 27 minute

Gold Breaks Records Amid Global Uncertainties

before 16 hour & 33 minute

Mamdani keeps playing dumb on Israel

before 17 hour & 46 minute