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Chalmers says global economic turmoil will drive budget cuts, but Australia should avoid recession

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: The Guardian
Chalmers says global economic turmoil will drive budget cuts, but Australia should avoid recessionWorldPing
Image via The Guardian.

What happened

Treasurer says ‘very substantial and intensifying pressure’ on federal budget as he points finger at private sector for driving up inflation amid Middle East conflict Get our new political email , free app or daily news podcast Jim Chalmers has warne…

Key facts

  • Reported by The Guardian and published Sun, 04 Oct 2026 01:41:13 UTC.

Why it matters

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What to watch next

  • Official statements or denials from the governments named
  • Whether other major newsrooms confirm the same details
  • Any follow-up decision, vote or deadline tied to the event

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. Car drives into large crowd of rugby fans, injuring multiple people in Sydney

  2. Australia: Car crashes into rugby fans, 10 injured

  3. OpenAI says its review into hacks, including on Australian government sites, is costing $500,000 a day

  4. Greece returns priceless relics – and suggests UK should follow suit with Parthenon marbles

  5. Resource security key as global economy faces uncertainty: Finance minister

  6. Flydubai co-pilot’s time in Australia being investigated by security agencies after alleged cockpit attack

  7. Chalmers says global economic turmoil will drive budget cuts, but Australia should avoid recession

Sources

The original report was published by The Guardian. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at The Guardian

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Related WorldPing coverage

Deutsche Welle
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Deutsche Welle

Australia: Car crashes into rugby fans, 10 injured

The driver has been identified as an 18-year-old man who is said to have been "revving" when he lost control of his car.

Brief by WorldPing · Original reporting by Deutsche Welle