- by foxnews
- 08 Apr 2025
Australia predicted to avoid worst of downturn as IMF warns of global recession
Australia predicted to avoid worst of downturn as IMF warns of global recession
- by theguardian
- 12 Oct 2022
- in news
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Even though commodity prices had started to retreat from record highs, they should continue to boost company taxes over the four years. All up, firms would pay $80.6bn more than anticipated in March, Smith said.
Individuals would chip in about $17bn more than expected, while GST would rise by $4.1bn and additional excise would add $5.3bn to revenues over those four years, he said.
The IMF left its global growth forecast for 2022 unchanged from its July prediction at 3.2%, but trimmed its 2023 estimate by 0.2 percentage points to 2.7% growth.
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