Iron ore price plunge from China slowdown could create $3 billion budget hole

from Peter Ryan_ABC News Soundcloud · host Peter Ryan

Treasurer Jim Chalmers has sounded the alarm on the plunging price of iron ore which could mean serious headwinds for Australia's economic fortunes. Analysis by Treasury has found that falling iron ore demand from China could create a $3 billion hole in tax revenue over the next four years.

Episode metadata supplied by the publisher feed · Published Aug 18, 2024

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Iron ore price plunge from China slowdown could create $3 billion budget hole

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