‘Clear and present danger’: fuel prices could rise by 30c a litre across Australia under IMF scenario pred 1 dnevom, 3 urami in 31 minutami IMF’s World Economic Outlook shows how a worsening Middle East crisis could affect global growth and inflationFollow our Australia politics live blog for latest updatesGet our breaking news email, free app or daily news podcastAn International Monetary Fund scenario where global oil prices jump to US$130 a barrel over coming months could push Australian petrol prices up by another 30 cents per litre and pile pressure on the Reserve Bank to hike interest rates, economists say.In its latest World Economic Outlook, the IMF modelled the impact on global growth and inflation from a worsening Middle East crisis that extended into next year, highlighting the “clear and present danger” to a resilient global economy from turmoil in commodity and bond markets. Continue reading...(The Guardian)
IMF warns global economy ‘could soon test the limits of resilience’ pred 1 dnevom, 3 urami in 32 minutami World Economic Outlook says states’ oil stocks are low and budgets are overstretched, as it upgrades UK GDP growth forecast for 2026Developing nations face triple shock, UN warnsThe global economy “could soon test the limits of resilience”, as emergency oil stocks run low and government budgets become overstretched, the International Monetary Fund has warned.In its twice-yearly World Economic Outlook, the IMF said global growth had withstood the Middle East conflict better than feared over the past six months. Continue reading...(The Guardian)
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