Recession Unlikely in Australia, Says IMF

Recession Unlikely in Australia, Says IMF
People dine in a cafes in Melbourne's central business district in Melbourne, Australia, on May 11, 2021. William West/AFP via Getty Images
AAP
By AAP
Updated:

The International Monetary Fund expects Australia to dodge a recession but has downgraded its expectations for growth next year.

The United Nations agency anticipates growth slowing to 1.7 per cent in 2023—less than the 1.9 per cent forecast in its world economic outlook released last month.