Forecast warns inflation will remain high

Treasurer Jim Chalmers will use new international and Treasury forecasts to discuss major risks to Australia's economic recovery.

The Organisation for Economic Co-operation and Development warns global inflation will remain higher for longer, and economic growth will take a hit due to trade barriers and geopolitical uncertainty.

The OECD projects inflation to be moderately higher in Australia at 2.4 per cent in 2025 before easing to 2.2 per cent in 2026.

[joechiato]

Who would've imagined that printing billions and billions of dollars to try and eradicate the sniffles would lead to inflation?

[davehad-enough]

Anything to do with excessive government waste and a treasurer who can't add two and two ????

[realjaxon]

Strange how the word "inflation" was swept under the rug when Biden was President. 😊😊

[crowsfan]

Too bad the government is interfering with the RBA. Watch rates go up after the election.

[roywright]

Chalmers is so dumb
But he can lie looking straight at tv camera. How did he even get this job.

[dubuyajay]

In other news...sun shines and water is wet.

[DL-zltn]

One of the Worst economic minister ever!

[spinemu]

Jim’s legacy will be with us for years- snake !

[dimitzvonmelbourne]

Why RBA is cutting rates then?
Our inflation is artificially lower because of temporary federal and state governments energy subsidies.

[gavinwilson]

Really, with Albo in charge what did you expect

[rfelghd]

Chalmers another student of the Swan School of Economics. No to another term if these fools

[kellyguthridge]

The only way that they can predict these things is that they are actually manipulating and orchestrating them to happen in the first place!

[JosephMcEntee]

The economy is facing a lot of challenges right now—rising inflation, slow growth, and market instability are affecting a lot of people. It’s definitely a time to be smart about financial decisions and look for ways to protect wealth and investments.

[Paul-bkjx]

Dam!!!! Australia inflation about the same as America inflation

[chrishayden]

Well why did you only give pensioners 32 cents a day increase ..what is that going to do

[kanethronder]

The sh!t Sherlock" comes to mind.... this government and its spending spree pandering to special interest groups is beyond disgusting aye.

[debbrooks]

These are all just normal cycles that happen within our system!

[tbonemc]

Got to keep greasing palms for the election.

[tonybennett]

Inflation is far better than depression..

[lornatodd]

Inflation will temain high under Labor not. 🤮