🚨 CHALMERS WARNS OF ECONOMIC PRESSURES Jim Chalmers warned of “very substantial and intensifying” economic pressures. He said he is not planning for a recession. He is preparing to find new ways to cut the budget ahead of its mid-year update. On Sunday, he called on critics of government spending to name the services that should be cut. Source: The Guardian #Australia #recession #budgetcuts #globaleconomicturmoil