Rising virus cases in China among risks to global economy in 2023, says Treasurer Jim Chalmers
Swati Pandey
Australia expects a “substantial impact” on global supply chains from surging Covid-19 cases in China and is monitoring the situation “very closely”, treasurer Jim Chalmers said on Wednesday. Coronavirus cases in China have soared after the country abandoned its strict zero-Covid protocols, letting the virus run rampant. That has prompted countries from the US to Australia to impose restrictions on Chinese travellers. Australia’s biggest trading partner is China and it is one of the world’s most China-exposed developed economies.
China’s Covid wave won’t be the only risk for the world economy this year, Chalmers said, predicting 2023 will be “difficult”.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Marco Jansen: Tame our demons and Proteas can win in SydneyRising star says he is ready to seize that defining moment that changes a Test
Read more »
Djokovic romps in first singles clash in Australia since deportationNovak Djokovic swept to victory in his first singles match on Australian soil since being deported a year ago, crushing Frenchman Constant Lestienne at the Adelaide International on Tuesday to kick-start his bid for another Grand Slam title.
Read more »
No grudges as Djokovic feels 'the love' in AustraliaNovak Djokovic said the reception he had received in Australia was more than he could wish for and the good vibes would reflect in his tennis.
Read more »