Australia politics live: Chalmers announces support package for businesses hit by fuel crisis including tax relief
Chalmers is asked whether the treasury department is modelling “negative growth” (which would mean a recession scenario) as a result of the war in the Middle East. The treasurer says broadly that treasury is modelling a range of different scenarios. He doesn’t rule out that recession conditions are being considered, but reiterates that the sooner the war ends, the better for everyone.
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Holistic analysis: moderate credibility score, negligible accuracy risk; readers are advised to evaluate critically.