The Guardian Australia – News
·general
·2 hours ago
Australian households cut spending as IMF warns of potential recession
Households across Australia are reducing spending on expensive food items as the IMF warns the global economy could face recession due to the Middle East conflict. Treasurer Jim Chalmers is set to discuss these potential impacts with G20 finance ministers in Washington. Meanwhile, Gina Rinehart's wealth is at risk as a court ruling looms on her inheritance disputes.
Summary by Glance · The Guardian Australia – News
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