IMF urges Australian government to cut spending as another interest rate hike looms
Originally published by The Guardian
Warning comes as forecast for nation’s economic growth downgraded amid concerns over rising debt and inflation Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast The International Monetary Fund has called on Australia’s federal and state governments to cut spending as it warns the Reserve Bank may have to hike interest rates further to get price pressures back under control. More disciplined budgets would rein in rising debt burd
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