IMF upgrades Australia’s post-Covid economic outlook

IMF upgrades Australia’s post-Covid economic outlook

The Guardian

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Economy forecast to grow by 4.5% this year but International Monetary Fund warns recovery depends on vaccine rollout

The International Monetary Fund has upgraded its global economic forecasts, including for Australia, but warns the recovery from recession still depends on the rollouts of coronavirus vaccines.

It says multi-speed recoveries are under way in all regions, but with stark differences in the pace of vaccine rollout, the extent of economic policy support, and structural factors, such as reliance on tourism.

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