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

Treasurer Jim Chalmers has warned of softer economic growth and rising unemployment less than two weeks before a likely interest rate hike.

Treasury is revising all the numbers for the mid-year 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…