QUESTIONS WITHOUT NOTICE

Senator DARMANIN (Victoria—Deputy Government Whip in the Senate) (14:24): My question is to the Minister for Finance, Senator Gallagher. The IMF has downgraded global growth and upgraded global inflation due to the war in the Middle East, with energy prices and supply chains the main drivers. Australians are feeling the impact of these global pressures at the checkout and the fuel pump.

Can the minister update the Senate on the global conditions and what they mean for the Australian economy?