Higher interest rates, higher inflation and higher petrol prices: Jim Chalmers’ nightmare scenario is here
- Posted on March 20, 2026
- By The Sydney Morning Herald
- 3 Views
Higher interest rates, higher inflation and higher petrol prices: Jim Chalmers’ nightmare scenario is here
Australians started Googling the word “recession” after Michele Bullock used the term this week. People may have to find another word if the economy sours.
