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G20 Warns of Worsening Economic Impact from Iran War
Published 1 month, 2 weeks ago
Description
Finance leaders from top economies warn of worsening economic impact from the Iran war, with Australias Treasurer Jim Chalmers highlighting the severe consequences of the closed Strait of Hormuz. The blockage has led to soaring fuel prices and a global food crisis, with recovery expected to be slow even if the strait reopens post-war. Chalmers is preparing Australias May budget amidst this turmoil.
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