Treasurer joins former PM Malcom Turnbull in praising Mark Carney’s comments at the World Economic Forum gathering in Davos

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Jim Chalmers has described the Canadian prime minister’s passionate denunciation of Donald Trump’s assault on the global rules-based order as a “stunning speech” that was being “widely shared and discussed” inside the government.

At this week’s annual gathering at the World Economic Forum in Davos, Switzerland, Mark Carney said “we are in the midst of a rupture, not a transition”.