Treasurer Blames Global Instability for Australia’s Inflation Troubles

Chalmers ruled out changes to negative gearing. The review so far showed they wouldn’t address the housing supply crisis.

Federal Labor Treasurer Jim Chalmers speaks to the media during a press conference at the Commonwealth Parliamentary Offices in Brisbane, Australia on Sept. 25, 2024. AAP Image/Darren England

Treasurer Jim Chalmers has cited global economic instability as a major contributor to Australia’s inflation struggles.

These struggles continue to challenge the nation while other advanced economies show signs of improvement.