The IMF has downgraded its outlook for Australia’s economic growth, and the RBA warns that a period of “high unemployment” might be needed to tame high inflation.

The IMF has downgraded its outlook for Australia’s economic growth, and the RBA warns that a period of “high unemployment” might be needed to tame high inflation.

The IMF reduced its 2026 growth forecast for Australia to 1.9 per cent, which economists say would be good news for the RBA in its fight against inflation.