Treasurer Allays Recession Fears as Economy Slows

Treasurer Allays Recession Fears as Economy Slows
Pedestrians move past the the Queen Victoria Building in Sydney, Australia, on Oct. 18, 2022. Lisa Maree Williams/Getty Images
AAP
By AAP
Updated:

Treasurer Jim Chalmers is confident Australia is not heading towards a recession despite some economists warning the path to a soft landing from soaring inflation is narrowing.

He says the Australian economy might stutter as interest rates lift, but neither the Reserve Bank nor Treasury are anticipating a recession.

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