Treasurer says ‘very substantial and intensifying pressure’ on federal budget as he points finger at private sector for driving up inflation amid Middle East conflict Get our new political email , free app or daily news podcast Jim Chalmers has warned of “very substantial and intensifying” econom...
Source: [Guardian World](https://www.theguardian.com/business/2026/oct/04/chalmers-says-global-economic-turmoil-will-drive-budget-cuts-but-australia-should-avoid-recession)