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Chalmers faces recession, fuel mandate questions amid 'significant economic shock'

The package includes tax relief, payment deferrals and a 10-year lending exemption as officials warn the oil shock could lift recession risk.

Summary by SBS News
Treasurer Jim Chalmers said the quicker the war in the Middle East was resolved, the sooner the global economy could recover.

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SBS News broke the news in Sydney, Australia on Tuesday, March 31, 2026.
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