Australian Treasurer Calls US-Iran War an Economic ' ...
6 Articles
6 Articles
Australia news live updates: Property auction clearance rates hit three-month low; US-Iran war an ‘economic disaster’, Treasurer Jim Chalmers says
Australia’s housing market slump is deepening, with national prices in September retreating to levels last recorded a year ago.
The longer this situation lasts, the greater the impact on the global economy and the Australian economy, emphasizes Australian Finance Minister Jim Chalmers.
Australian Secretary of the Treasury, Jim Chalmers, said that the American-Iranian war represented what he described as an economic disaster, warning that it raised energy and borrowing costs and increased inflationary pressures, affecting consumers in Australia and other countries and pressing global economic growth. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .…
Treasurer Jim Chalmers warns that the conflict is pushing prices and slowing growth, while inflation reaches 4% and rates rise to 4.6%.
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