The IMF doesn’t share the government’s heroic growth prediction | Greg Jericho

While employment prospects are good, wages and other areas of the economy aren't expected to grow at the rate the treasury hopes

The latest review of Australia's economy by the International Monetary Fund has a much less rosy outlook for the next few years than does the government's budget papers. And in light of the latest release of wages price data showing continued weak wages growth, the IMF crucially predicts much lower wages growth than does the budget - a factor which creates a major risk to the government's hopes for a return to surplus by 2021.

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