Original article by John Kehoe
The Australian Financial Review – Page: 1 & 2 : 23-Apr-25

The International Monetary Fund has downgraded Australia’s economic growth forecast for 2025 to just 1.6 per cent; its previous forecast issued in January was for GDP growth of 2.1 per cent in the current calendar year. Both the Treasury and the Reserve Bank had also previously forecast economist growth of at least two per cent, although this was before the global turmoil caused by the Trump administration’s ‘Liberation Day’ tariffs. The IMF’s latest World Economic Outlook report also forecasts global growth of just 2.8 per cent this year.

CORPORATES
INTERNATIONAL MONETARY FUND, AUSTRALIA. DEPT OF THE TREASURY, RESERVE BANK OF AUSTRALIA, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT