Australian Treasurer Sounds Investor Alert as Global Risks Mount

Australian Treasurer Jim Chalmers said global investors are on edge and capital flows are “jumpy” as uncertainty builds over whether the world economy can withstand mounting headwinds or will slip into a correction.

During a recent trip to North America and Asia, Chalmers said economic uncertainty was the major focus of discussions with international counterparts and major investors. He pointed to a massive surge in gold prices this year to underline the point.

“What came through clearly in almost every conversation was that risks to the global economic outlook are accumulating – from every angle, all at once,” Chalmers said ...