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Chalmers says global economic turmoil will drive budget cuts, but Australia should avoid recession

Business · en

Chalmers says global economic turmoil will drive budget cuts, but Australia should avoid recession

The Guardian · Oct 4, 2026, 1:41 AM UTC

Treasurer says ‘very substantial and intensifying pressure’ on federal budget as he points finger at private sector for driving up inflation amid Middle East conflict Get our new political email , free app or daily news podcast Jim Chalmers has warned of “very substantial and intensifying” economic pressures on the horizon but insists he’s not planning…