Treasurer Jim Chalmers has used an address to the International Monetary Fund to warn growing military conflicts pose a risk to the global economy.
In the US and Russia this week,two meetings are being held at a critical moment for the global economy. In the background is Donald Trump.
The “last mile” in Australia’s inflation battle is proving more drawn-out than expected,the IMF has found,raising the possibility of another rate rise.
The International Monetary Fund warned that price growth in many major economies has been cooling slower than expected,flagging a potential risk to global growth from persistently high rates.
High interest rates and inflation are forcing consumers to slice their spending. That could end up sending the local cafe broke.
Rising government debt and deficits in the world’s two largest economies could have spillover effects on the rest of the global economy.
The International Monetary Fund says countries heavily dependent on China – such as Australia – have to get their budgets in order sooner rather than later.
Australian house prices are out-performing most of the world,even after inflation,but pressure is growing on the business sector.
The unexpected result shocked market analysts who were expecting an improvement in the economy.
The IMF has painted a bleak picture of the distress in America’s commercial property market and the havoc it may wreak. Australia is not immune.
The International Monetary Fund forecasts inflation will not return to 2-3 per cent until 2026,suggesting well-targeted stimulus measures for struggling households.