World Economic Outlook

Previously worked at the OECD in Paris, in the Money and Finance division.

Uh, before that was with the IMF, writing the World Economic Outlook.

Uh, very excited to have Torsten with us.

Uh, he also studied University of Copenhagen and Princeton.

I thank Senator Darmanin for the question and as, uh, the question outlines, uh, some of the uncertainty that exists across the global economy now.

The war in the Middle East is resha- reshaping the global outlook, and the IMF's World Economic Outlook downgraded global growth to 3.1% this year, down 0.2 percentage points, and revised up global inflation up to 4.4% this year, uh, and 3%, uh, next year.

And there's no doubt that those global impacts are having, uh, impacts here in Australia on our economy, but importantly on Australian households who are under real pressure.

Um, that conflict overseas is pushing up prices and inflation here at home.