Josh Frydenberg 'determined' to deliver surplus despite US-China trade tensions

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Treasurer urges Australians not to panic as Reserve Bank downgrades growth projections and Peter Costello issues warning on retirement savings

The Australian government is “absolutely determined” to deliver a surplus, despite the “unwanted escalation” of US-China trade tensions increasing economic uncertainty, the treasurer has said.

On Wednesday Josh Frydenberg urged Australians not to panic despite the Reserve Bank downgrading growth projections and the former treasurer Peter Costello warning the trade war will erode retirement savings.

Related: Australian stock market down 2.4% as US-China trade war hits home

Related: US stocks suffer worst day of year as trade fears spook markets

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Link : Josh Frydenberg ‘determined’ to deliver surplus despite US-China trade tensions

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