{"id":38095,"date":"2025-04-07T09:28:51","date_gmt":"2025-04-07T09:28:51","guid":{"rendered":"https:\/\/news2shorts.com\/index.php\/2025\/04\/07\/australia-may-dodge-global-trade-war-recession-but-chalmers-flags-substantial-risks-to-growth\/"},"modified":"2025-04-07T09:28:51","modified_gmt":"2025-04-07T09:28:51","slug":"australia-may-dodge-global-trade-war-recession-but-chalmers-flags-substantial-risks-to-growth","status":"publish","type":"post","link":"https:\/\/news2shorts.com\/index.php\/2025\/04\/07\/australia-may-dodge-global-trade-war-recession-but-chalmers-flags-substantial-risks-to-growth\/","title":{"rendered":"Australia may dodge global trade war recession but Chalmers flags \u2018substantial\u2019 risks to growth"},"content":{"rendered":"<p>Economist Warwick McKibbin says \u2018economic and policy flexibility\u2019 puts Australia in better position to escape fallout from Trump tariffs<\/p>\n<ul>\n<li><a href=\"https:\/\/www.theguardian.com\/australia-news\/live\/2025\/apr\/07\/australia-election-2025-live-coalition-labor-federal-peter-dutton-anthony-albanese-job-cuts-redundancies-batteries-solar\">Election 2025 live updates: Australia federal election campaign<\/a><\/li>\n<li>Get our <a href=\"https:\/\/www.theguardian.com\/email-newsletters?CMP=cvau_sfl\">afternoon election email<\/a>, <a href=\"https:\/\/app.adjust.com\/w4u7jx3\">free app<\/a> or <a href=\"https:\/\/www.theguardian.com\/australia-news\/series\/full-story?CMP=cvau_sfl\">daily news podcast<\/a><\/li>\n<\/ul>\n<p>A global trade war will not drive Australia\u2019s economy into recession, new Treasury modelling suggests, even as Jim Chalmers says he is realistic about \u201csubstantial\u201d risks to growth from Donald Trump\u2019s sweeping new tariffs.<\/p>\n<p>The treasurer sought to soothe Australians rattled by <a href=\"https:\/\/www.theguardian.com\/australia-news\/2025\/apr\/07\/asx-200-sp-share-market-australian-dollar-sheds-opening-us-tariffs-trade-war-fears\">Monday\u2019s dramatic share market plunge<\/a> \u2013 the worst in five years \u2013 saying the country was \u201cbetter placed and better prepared\u201d than others to weather the coming storm.<\/p>\n<p><strong><a href=\"https:\/\/www.theguardian.com\/email-newsletters?CMP=copyembed\">Sign up for the Afternoon Update: Election 2025 email newsletter<\/a><\/strong><\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/business\/2025\/apr\/07\/australia-could-avoid-recession-from-global-trade-war-economist-warwick-mckibbin-says\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economist Warwick McKibbin says \u2018economic and policy flexibility\u2019 puts Australia in better position to escape fallout from Trump tariffs Election 2025 live updates: Australia federal election campaign Get our afternoon election email, free app or daily news podcast A global trade war will not drive Australia\u2019s economy into recession, new Treasury modelling suggests, even as &#8230; <a title=\"Australia may dodge global trade war recession but Chalmers flags \u2018substantial\u2019 risks to growth\" class=\"read-more\" href=\"https:\/\/news2shorts.com\/index.php\/2025\/04\/07\/australia-may-dodge-global-trade-war-recession-but-chalmers-flags-substantial-risks-to-growth\/\" aria-label=\"Read more about Australia may dodge global trade war recession but Chalmers flags \u2018substantial\u2019 risks to growth\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-38095","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/38095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=38095"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/38095\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=38095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=38095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=38095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}