Freed from inflation shackles, Jim Chalmers’ second term could pursue a greener match-fit economy

Labor's sweeping victory has unlocked the path for Jim Chalmers to implement a vision of a greener, more dynamic economy, focusing on productivity and sustainability amid easing inflation. Experts highlight the need for structural reforms like boosting resilience, transitioning energy sources, and addressing global trade challenges while cautioning against potential inefficiencies from extensive government intervention. The next term will face significant budgetary pressures, including managing structural deficits and supporting key sectors without compromising long-term goals.