IMF Reports High Inflation, Opposition Criticises Government for Mismanagement

As the latest International Monetary Fund (IMF) report reveals Australia is lagging in its battle against inflation, Shadow Treasurer Angus Taylor described it as “just another indicator” of the government’s shortcomings. “We’re at the back of the pack in dealing with inflation. But we don’t need reports to know that, even though they are telling us that.” According to the latest IMF report, Australia is poised to record an inflation rate of 3.6 percent by the end of 2025, with only Slovakia expected to experience higher inflation among developed nations. This sharp forecast comes as inflation eases in many other countries, underscoring Australia’s unique economic challenges....