Wednesday , 20 November 2024
Home Forex Australian Treasurer Chalmers: Tumbling iron ore prices, softening labor market have hit government revenue
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Australian Treasurer Chalmers: Tumbling iron ore prices, softening labor market have hit government revenue

After presenting his Ministerial Statement on the economy on Wednesday, Australian Treasurer Jim Chalmers said, “tumbling iron ore prices and a softening labor market have hit government revenue.” He discussed Australia’s tough fiscal outlook due to weakened trading partner China and a softening job market.

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