Australia's economic growth forecast slashed by world fund

Australia's expected economic growth has been slashed for this year and next year as the International Monetary Fund predicts a tougher year for the global economy. The World Economic Outlook, released on Wednesday morning, predicts Australia to grow at 1.7 per cent in 2019, down from a predicted 2.1 per cent. Despite having a far stronger economy, that puts Australia's rate of yearly economic growth lower than Greece, who is tipped to grow by 2.0 percent in 2019.

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