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The Guardian - AU
The Guardian - AU
Business
Greg Jericho

As IMF alarm bells ring, Australia is stuck between inflation and a looming global recession

International Monetary Fund Recession Inflation United States Australia Economy Greg Jericho US Federal Reserve
‘The IMF is now predicting Australia’s economy in 2023 and 2024 will grow by less than 2% each year. When that has happened in the past, we have had a recession,’ writes Greg Jericho.
‘The IMF is now predicting Australia’s economy in 2023 and 2024 will grow by less than 2% each year. When that has happened in the past, we have had a recession,’ writes Greg Jericho.
Photograph: Bianca de Marchi/AAP

Central bankers around the world that are so desperate to kill inflation they are willing to risk a global recession seem about to get their wish as the IMF has dramatically downgraded growth around the world for the next two years.

If you want to get a taste of how well (or badly) the global economy is doing, you can do worse than just check out the titles of the regular World Economic Updates issued by the IMF.

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