The International Monetary Fund (IMF) has released a dreary global outlook for the world economy, and the fate of manufacturing lies at the heart of future projections. Noting that slowdowns in manufacturing around the globe has been part of sluggish growth in 2019, the sector that is of most concern is the automobile manufacturing industry, … Continue reading Australia bucks global manufacturing downturn
The International Monetary Fund (IMF) has forecast that Australia will slip to 2.8 per cent growth next year, down from an expected peak of 3.2 per cent this year, due to the impact of the continued US-China trade war. The IMF’s October World Economic Outlook report has revised down the forecasts for global growth contained … Continue reading IMF downgrades growth forecast in wake of escalating trade tensions
A high, but stable dollar is more important than protecting local manufacturers, the former head of the IMF said at a mining conference.