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IMF Warns Australia Unemployment Hits 800,000 by 2027

By Drooid · Oct 13, 2026, 6:15 AM UTC · How we work

Summary

Story summary

The IMF says Australia will see unemployment rise to 800,000 by 2027, the largest increase among economies.
It projects GDP growth of 1.9% in 2026 and 1.6% in 2027.
Inflation will fall from 3.9% in 2026 to 3.1% in 2027, aided by higher unemployment.
IMF economist Silvana Tenreyro warns the AI boom and debt costs strain resilience.
Australia is better placed than nations to benefit from AI investment and supply chains.

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Story summary

The IMF says Australia will see unemployment rise to 800,000 by 2027, the largest increase among economies.
It projects GDP growth of 1.9% in 2026 and 1.6% in 2027.
Inflation will fall from 3.9% in 2026 to 3.1% in 2027, aided by higher unemployment.
IMF economist Silvana Tenreyro warns the AI boom and debt costs strain resilience.
Australia is better placed than nations to benefit from AI investment and supply chains.