Brisbane Times
·general
·4 hours ago
Don’t fuel war inflation: IMF warns Chalmers as recession risks grow
The International Monetary Fund warned Treasurer Jim Chalmers against using the budget for cost-of-living handouts amid rising inflation fueled by the Iran war. The global economy is expected to grow by only 3.1 percent this year, with risks of a recession looming if hostilities persist. Australia’s inflation is projected at 3.9 percent, among the highest in developed nations.
Summary by Glance · Brisbane Times
Newer
Next
Loving doing this? 🎉
Take it further — get the full app and never miss a moment of what's happening in Australia.
Breaking news alerts
Instant lock-screen notifications the moment big stories break across Australia.
Australian news & events
Politics, sport, weather, local events — all in one swipeable feed, updated around the clock.
Stay ahead of the news cycle
30-second summaries so you're always informed, even on your busiest days.
Loading article…
This publisher's site can't be shown here due to their security settings.
Open full article →No source link available for this article.
✨
Ask AI