Treasurer Jim Chalmers has revealed China's current COVID-19 wave is already causing problems with Australian supply chains, warning 'the flow on impacts on our economy could be substantial'.
Australia’s economy is at risk of"substantial" flow on effects from a global downturn, Treasurer Jim Chalmers has warned.
While noting Australia “won’t be immune from the global downturn”, the Treasurer said he did not expect the Australian economy to go into recession – noting he was “optimistic but realistic” about the year ahead. Treasurer Jim Chalmers said the government is optimistic but realistic about the economic challenges in the year ahead. Picture: NCA NewsWire / David Geraghty
“We have that low unemployment, we do have the beginnings of wage growth, and we’re getting good prices for our exports on world markets.”
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