IMF downgrades Australian economic forecast amid fears of interest rate hike

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Guardian World

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 inflation Get our breaking news email, free app or daily news podcast The 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…