Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 3AW account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 3AW content and other benefits.


Joining is free and easy.

You will soon need to register to keep streaming 3AW online. Register an account or skip for now to do it later.

Advertisement
Advertisement
Advertisement

Treasurer looks to global conditions as IMF downgrades economic growth

Article image for Treasurer looks to global conditions as IMF downgrades economic growth

Treasurer Josh Frydenberg says global conditions are contributing to Australia’s struggling economy after the world economic outlook reduced Australia’s growth forecast.

The International Monetary Fund has downgraded Australia’s economic growth forecasts by 0.4 per cent to 1.7 per cent.

But it outlines that growth is expected to recover to 2.3 per cent in 2020.

The Reserve Bank of Australia has lowered the official cash rate to a historic low but has indicated fiscal stimulus is needed to help the economy.

But Mr Frydenberg tells Ross Greenwood the downturn could be put down to global tensions.

“There’s no doubt when people look globally at the trade tensions, particularly between the US and China, that is affecting their level of confidence.”

Click PLAY below to hear the full interview

Image: Getty/Bloomberg

Deborah Knight
Advertisement