The latest IMF report should provide sobering reading for both major parties ahead of the federal election
- Greg Jericho
- The Guardian
The IMF has downgraded forecasts for economic growth across the world in its latest world economic outlook released this week.
The report should provide sobering reading for both major parties ahead of the federal election as a substantial slowdown in the world economy could severely affect revenue forecasts and the ability to deliver spending commitments and tax cuts while also balancing the budget.
Should you be after a quick taste for how the world economy has been tracking over the…