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Australia

Australia: When cashed-up IMF offers to help, steer well clear

by Ross Buckley

5 May 2009

Make no mistake, the worst of the global crisis is still before us.This collapse in trade and capital flows will seriously damage the fragile economies of poorer countries.

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Australia: Who pays for the recession?

by Graham Matthews

27 April 2009

On April 23, the Australian Financial Review reported that the International Monetary Fund (IMF) had “dramatically downgraded its outlook” for the Australian economy, predicting a recession similar to the 1990s downturn and an unemployment rate of up to 8% next year. The IMF said the economy was set to contract by 1.4%.

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