Senate debates

Monday, 27 November 2023

Questions without Notice

Economy

2:55 pm

Photo of Don FarrellDon Farrell (SA, Australian Labor Party, Minister for Trade and Tourism) Share this | Hansard source

I thank Senator Hume for her first supplementary question. It's fair to say that inflation peaked here lower and later than in most G7 nations, so its moderation is a bit behind. The most recent IMF World Economic Outlook stated that they expect the return to target to take until at least 2025 in most nations. Treasury expects inflation to return to target next financial year, so the return to target is expected to be in line with most other nations. Our policies—

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