Jim Chalmers to cut economic growth estimates amid inflation ‘headwinds’

Treasurer will use state of the economy speech to trim 2021-22 growth to 3.75% and provide new inflation, wage and unemployment forecasts

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The federal treasurer, Jim Chalmers, will use the state of the economy speech to trim the national growth estimates, citing global economic headwinds".

[T]he headwinds our economy is facing - higher inflation at the top of that list, along with slowing global growth - are now reflected in the revised economic outcomes and forecasts," Chalmers will tell parliament on Thursday according to an excerpt of his speech.

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