Wrapping up two weeks of talks with the Albanese government as part of an annual review, the IMF’s division head, Harald Finger, said on Wednesday the agency expected “a soft landing” for the Australian economy with risks “skewed to the downside”.
GDP growth should slow from 3.7% this year to 1.7% in 2023. Globally, projected economic expansion of 2.7% would be the slowest since 2001 excluding the global financial crisis and Covid dips. Advanced economies may only grow 1.1% next year.
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