Australia’s economy 2023 report: how it started v how it’s going

Treasurer Jim Chalmers told ABC’s Insiders in February it was ‘a very difficult time for Australians dealing with these cost of living pressures which are coming at us from around the world’. Photograph: Mick Tsikas/AAP

The treasurer, Jim Chalmers, will release the Albanese government’s mid-year economic and fiscal outlook next week.

Here’s how the economy has fared compared with forecasts made at the start of 2023 and some of the biggest surprises over the past year.