Reported 1 day ago
Australia's Treasurer Jim Chalmers has warned that the new US administration's policies will have a significant impact on the global economy, calling it 'seismic.' Ahead of the upcoming national budget, he announced plans for cost-of-living assistance for Australians, including subsidies for electricity bills. Chalmers addressed ongoing conflicts and political uncertainties globally, asserting that Australia's budget aims to build resilience against these external challenges while noting signs of economic recovery domestically despite inflation concerns.
Source: YAHOO