May 30, 2024

Australia News Today: Global Economy Warning, Inflation Data in Focus

Good morning and welcome back, it’s Ainsley here with all the news you need to start the working week.

Today’s must-reads:
• Global economic growth forecasts in focus
• CPI data projected to show inflation slowing
• US House approves aid for Ukraine, Israel, Taiwan

Australia will cut the growth outlook for most major economies, including key trading partner China, when it releases its budget next month, Treasurer Jim Chalmers said. Uncertainty about the global outlook was “central” to talks the treasurer held with international counterparts and central bank chiefs in Washington in recent days, he said.

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