Chalmers says investors feel good about Australia despite gloom at home

Key points

• Treasurer Jim Chalmers will tell investors in Sydney that business investment is booming and growing faster than previously expected. Treasury now expects growth above 5 per cent this financial year, which Mr Chalmers says could mean an extra $50 billion.
• The forecast comes as the Reserve Bank raised the cash rate to 4.60 per cent last month and warned inflation is worse than expected. Unemployment hit 4.7 per cent in September, a five-year high.
• Shadow Treasurer Tim Wilson blamed government spending for pressure on households.