Australia faces economic pain from Trump win, Chalmers warns

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The Star 1w ago

Australia faces economic pain from Trump win, Chalmers warns - The Star

Quick Summary:

CANBERRA: Australia faces the threat of short-term economic pain in the form of reduced output and further inflation pressures as a result of incoming US President Donald Trump’s policy agenda, according to Treasurer Jim Chalmers.

That is the same as three weeks ago, and comes amid voter frustration over high inflation, a national housing crisis and interest rates which sit at a 13-year high.

The latest Newspoll survey released on Sunday revealed Labour is trailing the Liberal-National coalition on voting intention 49% to 51%.