Australia's Economy May Grow More Slowly, Global Fund Warns

The IMF, which tracks global economy, cut Australia's 2027 growth outlook to 1.6%, down 0.1 points, as Australia's central bank may raise borrowing costs again. It still sees 1.9% growth in 2026. High prices are the main worry, with weak worker output limiting speed, like a car stuck in low gear. More rate rises may follow if prices stay high.