China’s Zero COVID Plan Poses Threats to the Economy – Australian Treasurer Jim Chalmers

Following the release of the March Quarter GDP values, the Australian Treasurer, Jim Chalmers, commented on the existing threats to the country’s economic prospects.

June 01, 2022 - 12:59 PM 269 views

China’s Zero COVID Plan Poses Threats to the Economy – Australian Treasurer Jim Chalmers

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  Following the release of the March Quarter GDP values, the Australian Treasurer, Jim   Chalmers, commented on the existing threats to the country’s economic prospects.

  Meanwhile, Australia’s new treasurer added that China’s Zero COVID Policy might give rise to dangerous threats to the economy.

 The economy enlarged strongly in the first quarter by brushing off the omricon variant virus and flood related interruptions in the east coast region prior to this year with cashed up customers carrying on to drive the growth.

 The Market Reaction

When last seen, the AUD/USD currency pair was trading at 0.7180 points, up by 0.11% in a day.

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