The International Monetary Fund (IMF) lowered Australia's economic growth estimate for 2026, citing the drag from higher global energy prices and softer global momentum resulting from ongoing geopolitical tensions.
In its World Economic Outlook update published late Wednesday, the IMF expects the Australian economy to grow 1.9% in 2026, down 0.1 percentage point from its April estimate.
For 2027, the IMF left its real gross domestic product growth forecast unchanged at 1.7%.
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