Canberra: A man refuels his truck at a petrol station in Canberra, Australia, on March 20, 2026. Australian Treasurer Jim Chalmers warned on Thursday that a prolonged conflict in the Middle East could cut GDP growth by 0.6 percent and cause inflation to approach 5.0 percent. In a major speech to an industry event for economists, Chalmers said that the Treasury is modeling the potential impacts of a shorter and prolonged conflict in the Middle East. (Xinhua via IANS)moreCanberra: Real-time fuel prices are displayed at a petrol station in Canberra, Australia, on March 20, 2026. Australian Treasurer Jim Chalmers warned on Thursday that a prolonged conflict in the Middle East could cut GDP growth by 0.6 percent and cause inflation to approach 5.0 percent. In a major speech to an industry event for economists, Chalmers said that the Treasury is modeling the potential impacts of a shorter and prolonged conflict in the Middle East. (Xinhua via IANS)more
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