The Reserve Bank of Australia should lift interest rates further and the Albanese government must deliver federal and state spending cuts to reduce inflation to target before 2026, the International Monetary Fund has advised.
In a major review of the economy, the IMF ramped up calls for “comprehensive tax reform” to fix weak labour productivity growth.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
