KEY CHALLENGES FOR AUSTRALIA'S ECONOMY * Economic growth is expected to moderate to 1.75 per cent in 2023/24 before recovering to 2.25 per cent in 2024/25 * Household budgets remain under pressure from elevated but moderating inflation and higher interest rates * Growth in real household disposable incomes is expected to pick up in 2024/25 * Financial markets and market economists see the current cash rate of 4.35 per cent as at or near its peak, well above the May budget assumption of 3.85 per cent * The level of business investment is expected to remain elevated through 2023/24 and 2024/25, underpinned by commercial building,…
