Chalmers’ ‘big test’ in tough global economy

Chalmers’ ‘big test’ in tough global economy

A senior Nationals senator has delivered a grim warning for Australia’s economy as recession fears grow and the war in the Middle East rages on.

Recession fears as treasurer warned against budget spending splurge

‘The closure of the Strait of Hormuz and serious damage to critical production facilities could cause an energy crisis on an unprecedented scale’.

‘Worrying’: Grim warning amid recession fears

Australia’s position in the economic maelstrom triggered by the US-Israel war on Iran is a “weakened” one, Nationals Senator Bridget McKenzie says, after the International Monetary Fund warned the energy crisis could tip the world into a global recession.