Treasurer says Australia likely to avoid recession but admits global economy is ‘dangerous’

Jim Chalmers says spiralling energy costs the most problematic aspect of our inflation problem' through to mid-2023

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Jim Chalmers says Australia will likely avoid a domestic recession despite the global economy being a dangerous place" but has warned surging power prices continue to pose problems for inflation and household budgets.

The federal treasurer on Tuesday again said major economies are heading for a hard landing as central banks attempt to curb inflation.

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