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Australia Briefing

Chalmers Warns Australia’s Isn’t Resilient Enough to Global Volatility

Jim Chalmers, Australia's treasurer.

Photographer: Hilary Wardhaugh/Bloomberg

Good morning, it’s Ben here in chilly Canberra, this is what’s making headlines this morning.

Today’s must-reads:
• Treasurer Jim Chalmers issues warning on economy
• Iron ore futures sink on falling China demand
• PM Albanese misses out on a meeting with Trump

Australia’s economy and budget need further ballast to withstand the latest rounds of global volatility, Treasurer Jim Chalmers said, even as he highlighted that the nation is better positioned than many developed-world counterparts. Chalmers will address the National Press Club in Canberra on Wednesday starting at 12.30 p.m.