What the IMF actually said about the Australian economy

The IMF's January update on the world economy mentioned Australia only once, noting that the country, along with Norway, is projected to experience persistent above-target inflation. Despite media reports suggesting the IMF was warning Australia, the update did not criticize the government's spending or provide new inflation projections. Instead, it confirmed the Reserve Bank of Australia's earlier forecast that inflation would not return to under 3% until mid-2027. The IMF also projected Australia's economic growth to remain among the best of advanced economies, with growth expected to outpace that of the G7 nations next year.