their jobs – almost one in 10 of them. That’s a big blow from a big business, with Treasurer Jim Chalmers calling it a “distressing day”. Yet, it’s just one gloomy story among many. As large as those Telstra losses are, more than 10 times as many workers became unemployed across Australia in the past month alone.
Yet to keep winning the war against inflation means keeping a close eye on the “too many dollars chasing too little stuff” equation. The Reserve Bank has been stomping on the brake, but now our governments are hitting the accelerator. What could possibly go wrong? And while a week may be a long time in politics, it’s the blink of an eye when crafting a budget. It’s likely the feds started making key decisions to juice the economy via their budget goodies as long ago as. But they’ve been caught on the hop by the extra cash top-ups from the states, and by signs that the fight against inflation is gettingYep. The forecasts from the feds suggest we can have our cake and eat it too.
Source: Financial Digest (financialdigest.net)
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