View from The Hill: 5 things to look for in the budget – and why we really need another budget soon
- Australia's Treasurer Jim Chalmers warned that Donald Trump’s economic policies could create a 'seismic' effect on the global economy, impacting their national budget.
- Chalmers highlighted that inflation and interest rates in Australia are decreasing, with wages and incomes recovering, supporting economic growth led by the private sector.
- The opposition, led by Angus Taylor, criticized Labor for not setting a GDP tax target while promising significant job cuts in public service.
- Despite external challenges, Chalmers noted that Australia's economy remains strong with low unemployment and rebounding growth.
16 Articles
16 Articles
'New world of uncertainty': Australia treasurer warns of Trump economy’s 'seismic' global impacts
Donald Trump’s economic policies could have a “seismic” effect on the world economy, Australia’s Treasurer Jim Chalmers warned Sunday.As Bloomberg reports, Chalmers, “speaking ahead of his national budget cut to be handed down Tuesday," said the Trump presidency as “cast a shadow over this budget.”“This is a whole new world of uncertainty that we’re dealing with here,” Chalmers told Bloomberg TV. READ MORE: Republicans 'unnerved' by Musk’s call …
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