Economic Update

As 2022 drew to a close, investors remained focused on inflation, interest rates and recession worries.

The big story on the global economic front continues to be inflation, and how high interest rates will go to tame it.

Treasurer Jim Chalmers’ first Budget was delivered against a backdrop of continuing turmoil on the global economic front, reflected in market volatility.

Treasurer Jim Chalmers has opted not to rock the boat, with targeted spending on programs that build national resilience and budget repair front and centre.

Watch the video to learn about October’s economic updates and market movements.