Australia's Treasury Warns of Recession Risk

Australias Treasury warns of potential recession due to a severe Middle East oil crisis, with inflation surging past seven percent. The government responds with a $11.9 billion package to boost fuel reserves, cut fuel excise, and halt heavy vehicle charges. Despite the global chaos, Chalmers emphasizes Australias resilience and readiness to face the challenge. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/faa7924c8c0da557