Global financial institution predicts Australia’s GDP will grow to just 1.6% in 2027 as Treasury faces rising energy costs and inflationGet our breaking news email, free app or daily news podcastThe International Monetary Fund has downgraded its forecast for Australia’s economic growth in 2027, warning the Reserve Bank may have to hike interest rates further to get price pressures back under control.The IMF also called on federal and state governments to tighten their belts, with a new repor