World11h ago
IMF downgrades Australian economic forecast amid fears of interest rate hike
Global financial institution predicts Australia’s GDP will grow to just 1.6% in 2027 as Treasury faces rising energy costs and inflationGet our breaking news email, free app or daily news podcastThe International Monetary Fund has downgraded its forecast for Australia’s economic growth in 2027, warning the Reserve Bank may have to hike interest rates further to get price pressures back under control.The IMF also called on federal and state governments to tighten their belts, with a new report sa...
This story was originally reported by The Guardian Australia. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
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