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IMF Projects Stronger Growth for Australia, Urges Reforms

2/20/2026

Summary

Story summary

The International Monetary Fund (IMF) projects Australia to grow 2.1% in 2026, above Reserve Bank of Australia’s 1.8% forecast.
The IMF recommends tax reform to boost productivity and counter rising inflation.
In Uganda, President Museveni highlighted 7% growth and called for private sector leadership, lower production costs, and better market access.
The IMF’s Director praised Uganda’s growth and urged reforms to expand the tax base, reinforcing Uganda’s sustainable development partnership.

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Story summary

The International Monetary Fund (IMF) projects Australia to grow 2.1% in 2026, above Reserve Bank of Australia’s 1.8% forecast.
The IMF recommends tax reform to boost productivity and counter rising inflation.
In Uganda, President Museveni highlighted 7% growth and called for private sector leadership, lower production costs, and better market access.
The IMF’s Director praised Uganda’s growth and urged reforms to expand the tax base, reinforcing Uganda’s sustainable development partnership.