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AAP
AAP
Business
Jacob Shteyman

IMF warns of AI bubble risk to global growth outlook

Australia Jim Chalmers International Monetary Fund the International Monetary Fund Inflation Donald Trump United States
The International Monetary Fund expects above-target inflation in Australia to persist. (Steven Saphore/AAP PHOTOS)

Australia is set for longer, higher inflation, an influential global economic body has remarked, as it warns of a "prolonged correction" if the AI bubble bursts.

The International Monetary Fund's forecast for Australia's economic growth was unchanged in its latest World Economic Outlook update, released on Monday night AEDT.

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