Thursday, July 28, 2022

Jim Chalmers warns nation to brace for dire economic outlook; US Federal Reserve in another supersized rate hike

As he deals with a looming debt bill exceeding a trillion dollars, federal treasurer Jim Chalmers is warning the national to brace for darkening economic storm clouds. 

Dr Chalmers will provide an update on rising inflation and slowing global growth that will slash billions of dollars from the federal government's budget warchest. 

Analysis from the ABC's senior business correspondent Peter Ryan.


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