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Will Australia escape a recession?

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2 years ago

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Australia might be able to avoid a recession, if the Treasurer’s predictions are correct

In Australia, Treasurer Jim Chalmers says the country will avoid a recession, but there are still tough times ahead.

As global economies continue to crumble, Australia’s Treasurer has optimism about the nation’s prospects of escaping a recession.

Speaking on the ABC, Jim Chalmers says he does not believe Australia is headed for its first recession since the 1990s.

The Treasurer concedes countries including the UK and the U.S. are at risk and this will have an impact down under, but it won’t be disastrous.

This is in line with comments made by the Reserve Bank of Australia back in September.

Chalmers says getting inflation under control is key to the country avoiding a recession, but warns painful times are still ahead.

This comes as the government attempts to tackle rising energy prices before Christmas.

He’s not ruling out subsidies or changes to how energy companies are being taxed if situation does not improve.

But the current focus still remains on changes to regulations, which includes price caps.

Data suggests Australian energy bills will rise by up to 56 per cent over the next two years. As residents begin to feel the pinch.

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William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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News

Billionaire & engineer make history after world’s first private space mission

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2 hours ago

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September 13, 2024

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A billionaire and an engineer have made history with the world’s first private spacewalk aboard SpaceX’s Crew Dragon capsule.

Jared Isaacman and Sarah Gillis stepped outside SpaceX’s Crew Dragon capsule for nearly two hours, tethered to the craft as it orbited Earth.

This risky mission tested new spacesuits and technology, pushing the limits of private space travel. #featured #trending

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Money

What to expect for IPO markets

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8 hours ago

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September 13, 2024

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With high interest rates and geopolitical uncertainty–what’s in store for IPO markets?

As the second half of 2024 begins, the IPO market is poised for a potential rebound after a sluggish start to the year.

With improving economic conditions and renewed investor confidence, more companies seem to be considering going public, creating market optimism.

However, challenges such as inflation and geopolitical uncertainties remain key factors to watch.

Dean Quiambao, a partner at Armanino joins Veronica Dudo to discuss what experts are predicting for the IPO landscape in the coming months and how businesses are positioning themselves for success.

#IN AMERICA TODAY #trending #IPO #IPOmarkets #ratecuts

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Leaders

Harris, Biden & Trump unite for 9/11 ceremony

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19 hours ago

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September 12, 2024

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New York City has marked 23 years since the 9/11 terror attacks that claimed nearly 3,000 lives and reshaped the nation.

Families of the victims gather at the 9/11 Memorial, keeping a sacred promise to remember the fallen with six moments of silence.

These moments mark key events from that tragic morning: the strikes on the Twin Towers, the Pentagon, and the crash of Flight 93 in Pennsylvania.

Also a moment of unity on the campaign trail, as President Biden, Trump, and Vice President Kamala Harris came together at the 9/11 ceremony. #featured #trending

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