Australian Treasurer Jim Chalmers. Photo: EPA-EFE
Australian Treasurer Jim Chalmers. Photo: EPA-EFE
Australia

Australia may dodge recession despite global economy in ‘danger’, minister says

  • It was not the government’s expectation that Australia’s economy will go backwards, Treasurer Jim Chalmers said ahead of his first budget
  • Aggressive rate hikes to curb runaway inflation and geopolitical risks from the Ukraine war have heightened concerns for global recession in the months to come

Australian Treasurer Jim Chalmers. Photo: EPA-EFE
Australian Treasurer Jim Chalmers. Photo: EPA-EFE
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