Brisbane Times
·general
·7 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
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