# Economy set to worsen, with higher unemployment and weaker growth on the way, Jim Chalmers reveals

- Source: Guardian World
- Published: 2026-10-22T11:30:43+00:00
- Category: World
- Original: https://www.theguardian.com/business/2026/oct/22/jim-chalmers-economy-speech-rising-unemployment-inflation
- Canonical: https://groundlevelnews.com/story/economy-set-to-worsen-with-higher-unemployment-and-weaker-growth-on-th-441ead/

Treasury is revising all the numbers for the mid-year budget update as economists warn of a difficult six months ahead Get our new political email , free app or daily news podcast Jim Chalmers has revealed December’s mid-year budget update will project weaker growth and higher unemployment, as economists warn of a difficult six months ahead for the Australian economy. Two days after a senior Reser

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