News live: ‘really dangerous time’ for global economy as Australians pay price for Middle East conflict, Chalmers says

Treasurer says IMF ‘really sounding the alarm’ about potential for global recession. Follow updates live Get our breaking news email , free app or daily news podcast The treasurer, Jim Chalmers , is speaking to RN Breakfast after the IMF warned of the potential for a global recession, including high inflation and elevated fuel prices through to 2027. He said the IMF was “really sounding the alarm here” about some of the potentially severe scenarios. He told RN: This is a really dangerous time for the global economy. The International Monetary Fund is expecting slower growth and higher inflation, and we are too … What it tells us once again is that from an economic point of view, the end of this war can’t come soon enough. Australians didn’t choose the circumstances of that war, but they are paying a very hefty price for it. Are we going to use this taskforce to analyse the social media of all of those people to identify whether they are in breach of Australian values? Sounds like a herculean task to me. I presume they’re going to target whose social media they’re going to check. But then, the more they talk about targeting and using social media in a targeted way, that doesn’t seem all that different to what the government does now. Continue reading...