More interest rates hikes in Australia are justifiable, says IMF

1 year ago 58

Agency’s economic report card says recommends pushing ahead with stage-three tax cuts to reduce the personal income tax burden

Australia’s economy is tracking towards a soft landing but the International Monetary Fund envisions more cash rate increases in 2023.

The IMF has slightly downgraded its growth expectations for Australia and anticipates growth slowing from 3.6% in 2022 to 1.6% in 2023, down a touch from the 1.7% predicted in November.

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