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

04 Oct 2026, 01:41 UTC · 1 source
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🚨 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

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