Wednesday, June 1, 2022

Treasurer Jim Chalmers slams "predecessors" for slowing economic growth in first quarter of 2022

It might not feel like it, given the surging cost of living, but Australia's economy is continuing to grow - albeit at a slightly slower pace.

Official figures out this lunchtime show the economy expanded by point-8 of one percent in the first three months of this year, making an annual rate of 3-point-3 percent.

But how long can the recovery post the pandemic continue given the economic headwinds slamming businesses and households at the moment?

Treasurer Jim Chalmers has blamed "predecessors" for the slowing growth and says surging energy prices are "chickens coming home to roost" after climate inaction.

Here's my take

Earlier I spoke with Sally Sara on The World Today

And Chris Mitchell on ABC NewsRadio just the GDP news broke


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