As global economic forecasts heavily point towards pockets of recession, Australian Treasurer Jim Chalmers remains optimistic that Australia will evade a prolonged economic slump.
“It’s our expectation that Australia will avoid a recession. The numbers that the Treasury put into the budget that I handed down not that long ago in October certainly made that expectation clear,” he told ABC on Jan. 13.
“We’ve got a lot of things going for us in Australia: low unemployment, the beginnings of some wages growth, good prices for what we sell to the world, but we won’t be completely immune from another global downturn.”…