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G20 Warns of Worsening Economic Impact
Published 1 month, 2 weeks ago
Description
G20 finance chiefs warn of worsening economic impact from Iran war, with Australias Treasurer Jim Chalmers highlighting the strain on oil and fertilizer supplies. The closed Strait of Hormuz is causing record fuel costs and global food concerns. Despite potential reopening, leaders agree the global economy wont bounce back quickly. Chalmers emphasizes the need for resilience and smart reforms in Australias May budget.
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