Australia's Treasurer, Jim Chalmers, has stated that the country's economy is on track for a smooth landing. He highlighted the government's success in reducing inflation while maintaining domestic activity.

Chalmers emphasized the importance of balancing inflation control with growth risks, both from global uncertainties and domestic factors. The current economic strategy aims to lower the inflation rate without significantly hindering growth, reflecting the government's proactive approach to economic management.

This development is occurring as Australia faces various external and internal challenges in its economic landscape.