IMF: Another lost decade underway for Australia

The IMF has put forth long-range forecasts for the global economy, and the Australian version makes for dour reading.

Greg Jericho has a few charts that sum it up. Australia’s growth will be decent:

So long as you don’t account for immigration. If you do, then growth will be terrible:

Of course, we won’t mention that because everybody is “desperate to hate”, according to Jericho. Why afflicting extant Australians with permanently falling living standards is not hateful I don’t know.

Inflation is predicted to be stronger and unemployment higher:

Guaranteeing weak real wages forever.

There is better news in the US/ China race, which is over. China lost:

China will never catch the US.