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‘Australia Will Avoid a Recession’ as World Faces Economic Slump: Treasurer

Started by Epoch-Times-Bot, Jan 13, 2023, 09:30 AM

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Epoch-Times-Bot

'Australia Will Avoid a Recession' as World Faces Economic Slump: Treasurer

As global economic forecasts heavily point towards pockets of recession, Australian Treasurer Jim Chalmers remains optimistic that Australia will evade a prolonged economic slump.
"It’s our expectation that Australia will avoid a recession. The numbers that the Treasury put into the budget that I handed down not that long ago in October certainly made that expectation clear," he told ABC on Jan. 13.
"We’ve got a lot of things going for us in Australia: low unemployment, the beginnings of some wages growth, good prices for what we sell to the world, but we won’t be completely immune from another global downturn."...

Source: 'Australia Will Avoid a Recession' as World Faces Economic Slump: Treasurer

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