Hockey’s green light for fiscal austerity

IMF forecasts will be read in some quarters as a carte blanche to slash the budget. But they also warn gravely on the risks this would involve.

There are two political bombshells in the latest International Monetary Fund World Economic Outlook forecasts – one that lends support to the Abbott government’s plans, and one that points to their potential fragility.

The first is a dramatic revision of the Fund’s view of Britain’s much-criticised austerity program.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles