Economics Updates

The IMF Global Economic Prospects paper developed for the G20 has revised growth forecasts downward.
The IMF now forecast world growth to come in at 3.3% this year with the advanced economies growing at just 1.2-1.3%. Australia is forecast to achieve growth of 3.0% this year (down from a previous estimate of 3.3%) which remains impressive when compared to many others G20 economies...US 1.8%, UK 0.6%, Canada 1.7%, France 0.2%, Germany 0.3%, Japan 1.7%, and Italy (alone amongst G20 nations) seeing a decline of 2.2% while the EU falls 0.1%.