Original article by Adam Creighton
The Australian – Page: 1 & 4 : 7-Apr-21
The International Monetary Fund has upgraded its economic growth forecast for Australia in 2021 to 4.5 per cent. Its previous forecast in January was for growth of 3.5 per cent. The IMF now expects the global economy to grow by six per cent in 2021 and 4.4 per cent in 2022. However, the IMF’s chief economist Gita Gopinath says the COVID-19 pandemic will require governments to continue to provide economic support measures. Meanwhile, Reserve Bank of Australia governor Philip Lowe expects the domestic economy to record above-trend growth in both 2021 and 2022.
INTERNATIONAL MONETARY FUND, RESERVE BANK OF AUSTRALIA