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Data Alert: IMF forecasts solid economic growth in Australia

15 October 2013

Australia is expected to outperform all major advanced economies until at least 2018, according to the International Monetary Fund (IMF).

In the IMF’s latest World Economic Outlook, it forecast Australia’s economic growth to average 3 per cent per annum from 2012 to 2018, outpacing the US with 2.9 per cent, the UK’s 1.7 per cent, Japan with 1.4 per cent and the Euro Zone’s 0.8 per cent over the same period.

The IMF downgraded its global economic projections in 2013 and 2014 to a respective 2.9 per cent and 3.6 per cent, and it lowered Australia’s outlook slightly to 2.5 per cent and 2.8 per cent, respectively, in line with the slightly softer forecast for the world economy.

Download the Data Alert: IMF confirms Australia’s relative economic strength (PDF)

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