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The Guardian - AU
The Guardian - AU
Business
Katharine Murphy Political editor

Jim Chalmers warns soft landing ‘not assured’ for economy despite Treasury forecasts

Jim Chalmers Economy Anthony Albanese China Li Qiang Australia Philip Lowe Interest Rates Guardian Australia Reserve Bank
Treasurer Jim Chalmers
Treasurer Jim Chalmers says Australia has ‘a lot going for us’ but warns a soft economic landing is not a foregone conclusion. Photograph: Jono Searle/AAP

Jim Chalmers has warned there is no guarantee Australia’s economy is heading for a soft landing after new data showed growth would be going backwards were it not for population increase and infrastructure spending.

In an interview with Guardian Australia’s politics podcast to be released on Saturday, the treasurer says Australia sliding into recession as a consequence of the Reserve Bank hiking interest rates is not his “expectation” because “we’ve got a lot going for us”.

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