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Politics

Poppy Johnston

Economy at risk from China's COVID wave

China Economy Jim Chalmers Australia Covid-19

Treasurer Jim Chalmers says the budget will include cost-of-living relief amid economic headwinds. (Bianca De Marchi/AAP PHOTOS) (AAP)

China's COVID-19 wave, the war in Ukraine, interest rate movements, natural disasters and the slowing global economy are the key sources of uncertainty hanging over Australia's economic fortunes.

Treasurer Jim Chalmers fears the Omicron wave devastating China will have serious ramifications for the economy in 2023.

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