Via Domain:
Treasurer Josh Frydenberg has vowed the government will take “the necessary actions” to protect the Australian economy amid fresh signs of a global slowdown and fears the United States could be on the cusp of a recession.
In an intervention designed to calm nerves after $60 billion was wiped from the value of Australia’s top-200 listed companies in a day, Mr Frydenberg said the nation was well placed to absorb any impending global shock but he was “certainly not complacent”.
