SMH
·general
·4 hours ago
Don’t fuel war inflation: IMF warns Chalmers as recession risks grow
Treasurer Jim Chalmers was warned by the International Monetary Fund on Tuesday against using the upcoming budget to provide cost-of-living handouts due to inflation linked to the Iran war. The IMF projects global economic growth could slow to 2 percent this year, with inflation rising above 6 percent if the conflict continues.
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