Treasurer Jim Chalmers says the Australian economy is “holding up pretty well” despite rate rises and the slowdown in China. Mr Chalmers’ remarks come after it revealed that Australia’s economic growth in the June quarter has grown by 0.4 per cent from 0.2 per cent. “The national accounts this week provided an important snapshot of our economy – our economy is steady and sturdy in the face of some pretty intense pressure,” Mr Chalmers said during Question Time on Thursday. “We’re optimistic about the future of our economy, the future of our country, but we are realistic about pressures on Australians right now, the way that our economy is slowing and the difficult months that we anticipate ahead.”
Treasurer Jim Chalmers says the Australian economy is “holding up pretty well” despite rate rises and the slowdown in China.
Mr Chalmers’ remarks come after it revealed that Australia’s economic growth in the June quarter has grown by 0.4 per cent from 0.2 per cent. “The national accounts this week provided an important snapshot of our economy – our economy is steady and sturdy in the face of some pretty intense pressure,” Mr Chalmers said during Question Time on Thursday.
“We’re optimistic about the future of our economy, the future of our country, but we are realistic about pressures on Australians right now, the way that our economy is slowing and the difficult months that we anticipate ahead.”
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