CANBERRA, ACT, April 15 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: IMF World Economic Outlook, May Budget, fuel security, defence investment, immigration policy
Sally Sara:
The International Monetary Fund has warned of significant pressure on the global economy and inflation if the war between the US and Iran is prolonged. Its worst‑case scenario would see a global recession, inflation as high as 6percent and elevated fuel prices all the way through to 2027. Federal Treasurer Jim Chalmers joins me now. Treasurer, welcome back to Breakfast.
Jim Chalmers:
Thanks very much, Sally.
Sara:
This is a concerning picture that's being laid out by the IMF, it has various scenarios. Is it consistent with...