Treasurer Jim Chalmers pushes back on recession fears following RBA’s decision to hike rates

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Treasurer Jim Chalmers has pushed back on fears of a recession after the Reserve Bank delivered an interest rate hike. Chalmers said neither the government nor the central bank is currently anticipating an economic downturn despite mounting global risks. [{ "selector": ".bomfj-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(calc(360px - 30px))", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1", "visibility" :"visible"} ] }]