![$130 billion will be shaved off the Australian economy this year, as the IMF forecasts the worst recession since the Great Depression $130 billion will be shaved off the Australian economy this year, as the IMF forecasts the worst recession since the Great Depression](https://imgix.businessinsider.com.au/content/uploads/sites/5/2020/04/IMF-Outlook.jpg?auto=format&fit=fill&q=80&w=1200&nrs=40)
$130 billion will be shaved off the Australian economy this year, as the IMF forecasts the worst recession since the Great Depression
Scott Morrison (ScoMo) - Australia continues to lead the world in our comeback from the #COVID19 global pandemic and recession. The International Monetary Fund has today significantly upgraded Australia's economic outlook, predicting
![Australia's Financial Relationship with the International Monetary Fund | Bulletin – December Quarter 2012 | RBA Australia's Financial Relationship with the International Monetary Fund | Bulletin – December Quarter 2012 | RBA](https://www.rba.gov.au/publications/bulletin/2012/dec/images/graph-1212-8-03.gif)
Australia's Financial Relationship with the International Monetary Fund | Bulletin – December Quarter 2012 | RBA
![Australia's Financial Relationship with the International Monetary Fund | Bulletin – December Quarter 2012 | RBA Australia's Financial Relationship with the International Monetary Fund | Bulletin – December Quarter 2012 | RBA](https://www.rba.gov.au/publications/bulletin/2012/dec/images/graph-1212-8-01.gif)
Australia's Financial Relationship with the International Monetary Fund | Bulletin – December Quarter 2012 | RBA
![Australian Finance Minister Mathias Cormann arrives at G-20 plenary during the IMF/World Bank spring meeting in Washington, U.S., April 20, 2018. REUTERS/Yuri Gripas Stock Photo - Alamy Australian Finance Minister Mathias Cormann arrives at G-20 plenary during the IMF/World Bank spring meeting in Washington, U.S., April 20, 2018. REUTERS/Yuri Gripas Stock Photo - Alamy](https://c8.alamy.com/comp/2CM4XM1/australian-finance-minister-mathias-cormann-arrives-at-g-20-plenary-during-the-imfworld-bank-spring-meeting-in-washington-us-april-20-2018-reutersyuri-gripas-2CM4XM1.jpg)
Australian Finance Minister Mathias Cormann arrives at G-20 plenary during the IMF/World Bank spring meeting in Washington, U.S., April 20, 2018. REUTERS/Yuri Gripas Stock Photo - Alamy
![Australia Institute on Twitter: "The IMF report notes that some countries already have high carbon prices, including: 👉 Sweden at US$127/t 👉 Finland at $65/t 👉 Norway $59/t 👉 France at $50/t @ Australia Institute on Twitter: "The IMF report notes that some countries already have high carbon prices, including: 👉 Sweden at US$127/t 👉 Finland at $65/t 👉 Norway $59/t 👉 France at $50/t @](https://pbs.twimg.com/media/EGjzjo7UYAE8dv5.png)