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AAP
AAP
Politics
Dominic Giannini

Gloomy global economy forecasted ahead of budget

The budget will try to balance cost of living relief while not adding to inflation, Jim Chalmer says (Mick Tsikas/AAP PHOTOS) (AAP)

Australians are being told they should be optimistic about the nation's economic prospects despite a gloomy global forecast, but have also been advised to manage their expectations.

Treasurer Jim Chalmers says the government is working to strike the right balance in the upcoming May budget between cost of living relief and not adding to inflation.

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