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IMF warns inflation risks amid strong jobs market

IMF warns Australian inflation risks stalling; urges government spending cuts and capital gains tax reform to aid disinflation efforts.

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IMF warns Australian inflation risks stalling; urges government spending cuts and capital gains tax reform to aid disinflation efforts.

The International Monetary Fund has issued a warning regarding the Australian economy, highlighting risks that inflation may not decrease as expected.

The organisation noted the strong jobs market and rising public sector demand as contributing factors.

To address these risks, the IMF has called for spending restraint from all levels of government.

In its latest report, the IMF suggested that prolonged high interest rates and significant cuts to government spending might be necessary if inflation fails to meet the Reserve Bank of Australia’s (RBA) target of 2 per cent to 3 per cent.

Additionally, the IMF proposed phasing out the 50 per cent capital gains tax discount to reform the tax system and address the structural budget deficit, which is currently impacting tax revenue significantly.

Concerns are rising among analysts about the stagnation of inflation in the US, with recent data showing core inflation rates steady at 2.8 per cent since April.

Though Australia has seen slight reductions in underlying inflation, progress has lagged behind that of other advanced economies.

The IMF noted that Australia’s RBA is one of the last central banks to cut rates, reflecting a later peak in inflation.

Market expectations suggest a possible cash rate cut during the RBA’s April meeting, just before the potential federal election in May.

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Crypto market roars back as Bitcoin surges past key levels

Bitcoin rebounds to $91,000, sparking speculation on the crypto market’s recovery momentum.

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Bitcoin rebounds to $91,000, sparking speculation on the crypto market’s recovery momentum.


The crypto market is snapping back to life, with Bitcoin and major altcoins turning green in a broad rebound that has traders wondering whether this momentum marks the start of a true recovery. With Bitcoin reclaiming the USD 91,000 level after November’s slump, questions are mounting about what’s genuinely driving the rally.

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#CryptoMarket #BitcoinSurge #Altcoins #Ethereum #CryptoNews #MarketRebound #CryptoAnalysis #TickerNews


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Global EV shake-up: Australia slows, China surges, Lexus teases supercar

Australia’s EV market slows, sales below 100,000; Costello discusses barriers and climate goals in latest Ticker episode.

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Australia’s EV market slows, sales below 100,000; Costello discusses barriers and climate goals in latest Ticker episode.


Australia’s electric vehicle market is facing a slowdown, with sales struggling to hit the 100,000 mark this year.

Mike Costello from Cox Automotive breaks down the key barriers slowing adoption and explains whether current growth is enough to meet the country’s climate goals.

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#EVNews #ElectricCars #AustraliaEV #ChinaEV #LexusLFA #Zeekr7X #SustainableTransport #EVMarket


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Lando Norris claims first F1 World Championship after dramatic Abu Dhabi showdown

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Lando Norris secures his first F1 World Championship at Abu Dhabi, becoming Britain’s 11th World Champion with 423 points.


Lando Norris has clinched his maiden Formula 1 World Championship after an electrifying finale at the Abu Dhabi Grand Prix. In a race packed with tension, Norris held onto third place — the exact result he needed to secure the title.

His performance not only sealed his first championship but also cemented him as Britain’s 11th F1 World Champion, marking a historic moment for McLaren and the sport.

Norris closed out the season with 423 points, marking a defining milestone in his career.

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#Formula1 #F1News #LandoNorris #MaxVerstappen #OscarPiastri #AbuDhabiGP #McLarenF1 #TickerNews


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