Inflation rate to halve, bringing wage growth by 2024, federal budget predicts – with hope of mortgage relief

Australia’s economy remains resilient as global growth slows to its worst performance in more than two decades

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Australian households face a couple of tough years but an easing inflation rate should deliver real wage growth by 2024 and the potential for lower mortgage repayments sooner, the budget predicts.

The economy remains relatively resilient even as global growth slows to its worst performance in more than two decades.

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