More interest rates hikes in Australia are justifiable, says IMF

Agency's economic report card suggests scope to reassess stage-three tax cuts, but treasurer says the government's approach cuts hasn't changed'

• Follow our Australia news live blog for the latest updates
• Get our morning and afternoon news emails, free app or daily news podcast

Australia is on track to dodge a recession but the International Monetary Fund says there's room for more interest rate hikes.

The IMF has slightly downgraded its growth expectations for Australia and anticipates growth slowing from 3.6% in 2022 to 1.6% in 2023, down a touch from the 1.7% predicted in November.

Sign up for Guardian Australia's free morning and afternoon email newsletters for your daily news roundup