Yesterday, Treasurer Jim Chalmers offered a grim warning to Australia: we could be on the brink of a global recession.

While Australians are already familiar with inflated prices and rising interest rates, the global financial outlook is getting worse.

What does it mean for Australians? And if a downturn happens, who will be worst affected?

Today, national correspondent for The Saturday Paper Mike Seccombe on how the United States could be making a global recession more likely.

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Guest: National correspondent for The Saturday Paper, Mike Seccombe

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