Reuters reports on the IMF annual review:
- Australia should continue to tighten monetary and fiscal policy to contain inflation even as its economy is set to slow sharply next year amid a host of downside risks, including falling house prices
IMF forecast economic growth in Oz to slow to just 1.7% in 2023/2024, citing
- higher interest rates,
- persistent inflation,
- weakening export demand,
- and declining housing prices
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Earlier on Australia, RBA specifically:
